ASHGABAT, Turkmenistan, July 14. Turkmenistan reviews economic performance and outlines priorities through 2028, Trend reports, citing the Parliament.
President of Turkmenistan Serdar Berdimuhamedov chaired an extended Cabinet of Ministers meeting on July 11, focusing on the country’s macroeconomic performance for the first half of 2025 and future policy directions.
Deputy Prime Minister Hojamyrat Geldimyradov reported sustained economic momentum, with GDP expanding by 6.3 percent. Growth was registered across several sectors: industry rose by 1 percent, construction by 5.1 percent, transport by 10.8 percent, trade by 9.9 percent, agriculture by 4.5 percent, and services by 8.6 percent. A draft of the updated National Program for Improving Living Conditions until 2028 was presented at the session.
Minister of Economy and Finance Mammetguly Astanagulov announced that state budget revenue exceeded forecasts, reaching 101.5 percent of the planned target. Investments rose to 17.7 percent of GDP, driven by development programs in rural areas.
Chairman of the State Statistics Committee Dovletgeldi Amanmukhammedov cited notable increases in oil, gas, fuel, cement, textile, and agricultural output. The transport and telecommunications sectors also continued to expand, with modernization contributing to performance gains.
Central Bank Governor Toyly Myalikov highlighted enhanced credit support for private businesses and the agro-industrial sector, aimed at stimulating entrepreneurship and production.
Other deputy chairmen reported on project implementation in trade, construction, and agriculture. Updates were also provided on the deployment of 4G+ and 5G infrastructure across several regions, underlining the country’s drive toward digital modernization.
Foreign Minister Rashid Meredov briefed the meeting on recent international engagements, diplomatic activities, and agreements signed following high-level visits.
