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Asia Today ISSN 1861-4604 Thursday, August 16, 2018

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Turkmenistan's state budget revenue hits 18% more than projected

Main financial plan hit 118.2 percent

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Ashgabat, Turkmenistan, Sept.14, By Huseyn Hasanov– Trend:As of January-August 2014, the revenue part of the country's main financial plan hit 118.2 percent, while expenses were 96.9 percent, the Turkmen Ministry of Finance said.
"Investments in the country's economy increased by 8.3 percent in comparison with the same period last year," the report said.
Prices for consumer goods and for services rendered to the population remained unchanged within the established limits, according to the published data.
Results on 8 months have been announced at the last meeting of the Cabinet of ministers.
Turkmen president Gurbanguly Berdimuhamedov said that strong macroeconomic indicators show steady growth of the national economy and pointed to the need of further improvement of the work of the financial and banking sector, according to the government's report.
The incomes hit 94.129.1 billion Turkmen manats, and expenses - 97.829.1 billion Turkmen manats in the Turkmen state budget for 2014 approved by the parliament.
The official rate of Turkmen manat to USD remains at 2.85.
The profitable part in the Turkmen state budget is formed by such sectors as oil and gas, chemical, power engineering and construction. The budget envisages the ongoing development of agro-industrial complex, transport, communication, textile and food sectors.
The revenues are expected to grow at the expense of further development and support for the activity of non-state enterprises.
 

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