BAKU, Azerbaijan, April 10
By Jeila Aliyeva - Trend:
The revenue part of the main financial plan of Turkmenistan was exceeded at the level of 37.4 percent, and the expenditure part was fulfilled by 89.7 percent in 1Q2021, Trend reports with reference to the State News Agency of Turkmenistan.
The revenue part of the local budget was exceeded at the level of 0.4 percent, and the expenditure part was fulfilled by 96 percent.
The volume of capital investments aimed at the development of the national economy at the expense of all sources of financing amounted to 4.1 billion Turkmen manat ($1.2 billion), or in relation to GDP – 17.1 percent in 1Q2020.
The investment program for the reporting period was fulfilled at the level of 11.1 percent. In addition, during the reporting period, 48.2 percent of the disbursed capital investments were directed to the construction of industrial complexes, and 51.8 percent – social and cultural facilities.
In January 2021, the volume of investments allocated for the development of the national economy at the expense of all sources of financing amounted to 22.4 percent of GDP. The investment program for 2020 was exceeded by 2.4 percent, while 55.7 percent of capital investments were spent on industrial facilities, and 44.3 percent on social facilities.
---
Follow the author on Twitter: @JeilaAliyeva