Turkmen Parliament adopts state budget for 2017
Ashgabat, Turkmenistan, Nov. 24
By Huseyn Hasanov– Trend:
The Parliament of Turkmenistan adopted a law on state budget for 2017, the Turkmen government said in a message Nov. 24.
In general, the Turkmen state budget revenues in 2017 will amount to 103,571.6 million manats and expenditures will amount to 104,871.6 million manats.
The official exchange rate of the national currency, the Turkmen manat, to one dollar is 3.50 Turkmen manats since January 2015.
The revenue part of the Turkmen budget will be formed mainly at the expense of oil and gas, chemical, electrical power engineering and construction industries.
Agro-industrial complex, transport and communication sphere, textile and food industry will be further developed, according to the Turkmen government.
“The Turkmen state budget for 2017 is first of all aimed to maintain the sustainable growth of the national economy, implementation of major investment projects, widespread introduction of innovative technologies in all spheres, the latest achievements of science and technology, ensuring high efficiency of public expenditures,” the Turkmen State News Agency said in its message.
Turkmenistan takes one of the key positions in the region on supplies of natural gas: the fuel is exported to China and Iran. Russia stopped purchasing Turkmen fuel in 2016.
The revenue part of the country’s state budget is mainly formed thanks to the most important sectors of the production sphere, such as oil and gas, chemical sphere, power industry, construction.
According to the state budget approved by the Turkmen parliament, overall revenues will amount to 102,478.5 million manats in 2016, expenses – 104,878.5 million manats.