Turkmenistan, Ashgabat, March 5 /Trend H.Hasanov
For the first three months of 2012, the revenue part of the state budget of Turkmenistan has been fulfilled at114.7 per cent with expenditure at 95.1 per cent, the Ministry of Finance of Turkmenistan reported.
'In the first quarter of 2013, Turkmenistan successfully carried out the most important financial document, the state budget and wages, pensions, welfare payments and student scholarships have been funded on time and in full amount', the report says.
According to the report during the specified period more than 74.3 per cent of the budget assets have been directed to the social area. Regarding the implementation of the local budget it is noted that its revenue performed at 114.1 per cent and expenditure at 94.7 per cent."
As reported previously, the Majlis (parliament) of Turkmenistan adopted the Law 'On the State budget for 2013' according to which budget revenues were 86,335.8 million manat and expenses 89,735.8 million manat. In recent years, the official rate of the manat to one US dollar remained at 2.85.
Revenues are derived from industries such as oil and gas, chemical, power generation and construction. Provisions for the sustained development of the agricultural, transport, telecommunications and textile and food industries are also considered in the budget.
It is expected that the revenue will continue to grow due to further development and support of enterprises with non-public forms of property.
A significant increase of allocations are budgeted for in the construction of new areas in the national tourist zone of Avaza and matters of socio-cultural significance, as well as industrial, transport and communication infrastructure in the capital and all regions of the country.
