...

Revenues of state budget in Turkmenistan increase

Finance Materials 10 July 2021 11:57 (UTC +04:00)

BAKU, Azerbaijan, July 10

By Jeila Aliyeva - Trend:

The revenues share of the state budget of Turkmenistan was exceeded by 19.1 percent, and the expenditure part was fulfilled by 97.3 percent in 1H2021, Trend reports with reference to the State News Agency of Turkmenistan.

Meanwhile, the revenue share of the local budget was exceeded by 2.4 percent, and the expenditure part was fulfilled by 97.8 percent in 1H2021.

Some 107 meetings of balance commissions, including 93 regional ones, were held in Turkmenistan over 1H2021.

Some 70 objects of state property of Turkmenistan were privatized in the same period.

Also, as of June 1, 2021, the ratio of investments aimed at development of the national economy to GDP was 15.9 percent.

In the reporting period the investment program of Turkmenistan for 2021 was completed at the level of 28 percent. The capital investments were directed to the construction of industrial complexes and socio-cultural facilities.

The share of local state-owned enterprises decreased from 22.4 percent to 18.4 percent in Turkmenistan from 2013 through 2020, said economic observer for Turkmenistan.

Meanwhile,the share of private enterprises in Turkmenistan increased from 65.7 percent to 72.3 percent over the above-mentioned period, he said.

At the same time, the indicators of individual entrepreneurs are growing in the country. The total net income exceeded the figure of 2010 in recent years from 2.9 to 4.2 times.

---

Follow the author on Twitter: @JeilaAliyeva

Tags:
Latest

Latest