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Turkmenistan’s State Budget Revenue Executed by Almost 121 Per Cent
Source: en.trend.az
Source Date: Tuesday, October 08, 2013
Focus: Institution and HR Management
Country: Turkmenistan
Created: Oct 15, 2013

In January-September 2013, the execution of revenues of Turkmenistan's state budget amounted to 120.7 per cent and the execution of expenditure at 96 per cent, Turkmenistan's Finance Ministry said on Tuesday.


'During this period some 77.1 per cent of the budget was allocated for the development of the social sphere', the message said.


The Majlis (parliament) of Turkmenistan approved the state budget for 2013, in which revenues were set at 86,335,800 million manats and expenses at 89,735,800 million manats.


In recent years, the official rate of the manat to one dollar remains at 2.85 Turkmen manat. The revenue part in Turkmenistan is formed by industries such as oil and gas, chemical industry, power generation and construction.


The budget also provides the ongoing development of the agricultural industry, transport, communication, textile and food industries.


It is expected that revenues will continue to grow through further development and support of activities of enterprises with non-state ownership. A significant increase in allocations for the construction of new facilities at the Avaza national tourist zone, the construction of buildings of social and cultural significance, as well as industry, transport and communication infrastructure in the capital and regions of the country is envisaged.


In the state budget for 2012, revenues were provided at the level of 74908.4 million manats and expenses at 76398.4 million manats.

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