Ashgabat, Turkmenistan, April 8
By Huseyn Hasanov - Trend:
As of January- March 2014, the profitable part of the Turkmen state budget amounted to 112.7 percent, the Ministry of Finance said on April 8.
"As of the reporting period, the profitable part of the Turkmen state budget hit 112.7 percent," according to the report. "As a result of the purposeful use of budget funds, expenditures of the state budget hit 96.8 percent."
The positive dynamics was observed in the execution of the planned tasks for using the investments through all funding sources. The ratio of current macroeconomic index to gross domestic product (GDP) was 38.7 percent.
The income hit 94.129.1 billion manat, expenses - 97.829.1 billion manat in the Turkmen state budget-2014 approved by the parliament. The official rate of the manat to one dollar has recently remained at 2.85 Turkmen manat.
The profitable part in Turkmenistan is formed by such sectors as oil and gas, chemical, power engineering and construction. The budget envisages the ongoing development of agriculture, 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. Turkmenistan holds one of the key positions in the region on natural gas supplies. Russia, China and Iran are importers.
translated by NH
edited by CN
