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Turkmenistan taking measures to maintain stable GDP level

Turkmenistan Materials 15 September 2021 14:14 (UTC +04:00)
Turkmenistan taking measures to maintain stable GDP level

BAKU, Azerbaijan, Sept. 15

By Klavdiya Romakayeva - Trend:

Supporting domestic exporters through additional financing and creating conditions for their foreign trade activities is among the top priority measures to maintain a stable GDP level and sustainable economic growth in Turkmenistan, President of Turkmenistan Gurbanguly Berdimuhamedov said during a meeting on the draft 2022 State Budget, Trend reports citing Turkmenportal.

According to the information, during the meeting, steps were considered for the formation of the digital economy of Turkmenistan, the privatization of state property and the creation of joint-stock companies on the basis of state institutions and enterprises, the development of the securities market, and the provision of the social sphere.

It is noted that the state budget also provides for a 10-percent increase in salaries, pensions and benefits from next year.

Also, the president focused the attention of the leaders on the importance of careful planning and forecasting against the background of the ongoing global crisis and the importance of implementing the programs of national socio-economic development adopted in the country.

Berdimuhamedov also noted that it is necessary to diversify the industry, stimulate the development of entrepreneurship, export-oriented and import-substituting industries, including the electronics industry.

In this context, the development of mechanisms for additional financing of exporting enterprises, support of their foreign economic activity, and trade organizations for promoting national goods in foreign markets were named among the primary measures.

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