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Public budget income of Turkmenistan fulfilled by 118%

Business Materials 5 August 2009 12:40 (UTC +04:00)

Turkmenistan, Ashgabat, Aug. 4 / corr Trend G.Hasanov /

As a result of the first seven months income of the public budget of Turkmenistan was fulfilled by 118 percent and expense by 94 percent, being higher than the last year figure, official Turkmen source said.

As of July 31, 2009, budgetary and self-supporting state enterprises do not have debts on wage payment.

Turkmenistan is one of key suppliers of natural gas to the Caspian region. At present fuel delivery to Russia has been cease due to incident in the Central Asia - Center main gas pipeline in April. This period is characterized by high macroeconomic indices, as well as durable dynamic growth of the growth domestic product.

Thus, in January to July 2009high growth rate was achieved in production of electricity, mineral fertilizers, fibre cotton, ready-made and knitted garments, fish and fishery products, confectionary, milk and agriculture products. Furthermore, natural gas and oil production from the field developed by joint ventures and foreign companies increased. Exchange rate of national currency is stable.

During the governmental meeting Turkmen President Gurbangulu Berdimuhamedov demanded to ensure further stable growth of fields.

"Presently, Turkmenistan has all conditions and opportunities for it," the president said. Consolidation and increase of economic power guarantees welfare of all citizens of the country and improvement of living conditions. In this respect, the Turkmen leader indicated the necessity of sharp control over timely payment of wages, pensions and benefits.

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