Turkmenistan reveals state budget revenue forecast

Turkmenistan Materials 26 September 2019 13:08 (UTC +04:00)

Ashgabat, Turkmenistan, Sept. 26

By Huseyn Hasanov – Trend:

Turkmenistan’s state budget revenues for January-September 2019 are expected at 16 billion manats, or 1.2 percent of the gross domestic product (GDP), Trend reports referring to Turkmen President Gurbanguly Berdimuhamedov.

The presidential speech at a meeting of the People’s Council of Turkmenistan on Sept. 26 was published by all local media.

The official rate of the Turkmen manat to $1 has remained at 3.50 Turkmen manats since January 2015.

The revenue part of the budget is formed mainly through such major sectors of the production sphere as oil and gas, chemical, electric power industry and construction.

The agro-industrial complex, the sphere of transport and communications, the textile and food industries will be further developed as well.

Turkmenistan holds one of the key positions for the supply of natural gas in the region. The gas is exported to China and Russia.