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Turkmenistan's GDP growth rate for January 2021 released

Finance Materials 13 February 2021 10:33 (UTC +04:00)

BAKU, Azerbaijan, February 13

By Jeila Aliyeva - Trend:

Turkmenistan's GDP growth rate was 5.9 percent in January 2021, Trend reports, citing the State News Agency of Turkmenistan.

The volume of production increased by 4.1 percent in January 2021, compared to the same period last year.

The volume of retail trade turnover in comparison with the corresponding period in 2020 increased by 17.8 percent.

In January 2021, the plan for the revenue part of the State Budget was exceeded by 78.9 percent, and for the expenditure part – by 83.1 percent.

The size of the average salary in large and medium-sized enterprises of the country increased by 10.4 percent.

Some 105 social facilities, more than 222,900 square meters of housing, as well as engineering and technical structures were built under the new version of the National Rural Program in January 2021.

The plan for revenues of the State Budget of Turkmenistan was exceeded by 0.1 percent, and the expenditure part was fulfilled by 99.9 percent in 2020.

The plan for local budget revenues for the reporting period was exceeded by 2.2 percent, while plan for expenditures reached 99.9 percent.

During the past year, 119 meetings of the balance sheet commissions were held, including 104 regional ones. During the reporting period, 85 units of state property were privatized.

The volume of investments allocated for the development of the national economy at the expense of all sources of financing amounted to 22.4 percent of GDP.

The investment program for 2020 was exceeded by 2.4 percent, while 55.7 percent of capital investments were spent on industrial facilities, and 44.3 percent on social facilities.

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