Ashgabat, Turkmenistan, Apr. 6
By Huseyn Hasanov – Trend:
The Turkmen state budget’s profitable part was executed by 100.2 percent, while its expenditure part was executed by 88.1 percent in the first quarter of 2017, the Turkmen government said in a message Apr. 6.
As much as 73.3 percent of the Turkmen budgetary funds have been allocated to finance the social sphere during this period, the message said.
According to the law on state budget for 2017 adopted by the Turkmen Parliament, the state budget’s revenues and expenses are projected at 103.57 billion manats and 104.87 billion manats, respectively.
Official exchange rate in Turkmenistan has remained at 3.50 manats per $1 since January 1, 2015.
The revenue part of the Turkmen state budget is mainly formed through such sectors as oil and gas, chemical industry, power generation, and construction sector.
