President - Turkmen GDP growth rate amounts to 114.7 percent in 2011
Azerbaijan, Baku, Jan.7 / Trend /
According to the preliminary calculation of the economists growth rate of Turkmen GDP will amount to 114.7 percent as of 2011, growth rate of industrial production will amount to 124.2 percent, Turkmen President Gurbanguly Berdymuhamedov said at a meeting of the cabinet of ministers dealing with summarizing 2011, the official Turkmen mass media reported.
"High growth rates are kept in all sectors. All social programs are being successfully implemented in the country," Berdymuhamedov said.
He said revenues of the State budget retain a significant excess over its expenditures.
Compared to the previous period growth of investment and wages amounted to 123.2 and 113.7 per cent respectively, the president said.
He said all industrial buildings, residential houses, kindergartens, schools, shops and other objects envisaged by the plan were built and commissioned on time in 2011.
In 2011 Turkmenistan actively continued policy of increasing supply of energy resources to the world markets by the diversification of export flows, Berdymuhamedov added.
"Turkmenistan's strategic task is to ensure that our country will become one of the countries with high life quality standards, high-developing economies, maintaining stable and fruitful relations with foreign countries," he said.
He said in 2012 Turkmenistan faces a task of increasing GDP growth rate up to 110.8 per cent due to intensive development of the national economy's sectors.