Turkmenistan: The ongoing development of agricultural industry

29.05.2013

The President of Turkmenistan Gurbanguly Berdimuhamedov has instructed the government of the country to ensure the timely preparation of the draft state budget for 2014, according to the country's media.

"Speaking about the importance of continuing the work focused on improvement of the country's financial and economic institutions as well as banking sector, the President of Turkmenistan made a number of specific instructions in this regard," a statement says.

The order and timing of reports and information that must be provided by the ministries, branch departments and khakimliks (local authorities) for compiling the state budget for next year are being determined at the current stage. Preparation of manuals for professionals is underway, the statement said.

According to the report, the revenue of the state budget of Turkmenistan will be formed at the expense of industries such as oil and gas, chemical, power generation, construction. The ongoing development of agricultural industry, transport, communication, textile and food industries is also considered.

It is expected that revenues will continue to grow through further development and support of private businesses. Majlis (Parliament) of Turkmenistan approved the state budget for 2013 with the revenue part of 86,335.8 million manat and expenditures to the sum of 89735.8 million manat. In recent years, the official rate of the manat to one dollar remains at 2.85 Turkmen manat.

In January-April 2013, Turkmenistan's state budget exceeded its goals by 115.7 percent and expenditures by 95.5 percent. The plan for this reporting period is to pay all types of taxes to the state budget was met in full. Currently, some 1,800 properties are being built the country with a total value of over $ 40 billion.

Related Articles:
Related Article
Tea prices in India, the world's second-biggest producer, jumped at last week's auction on robust demand from local buye
Related Article
Yara International ASA has entered into an agreement to acquire Bunge's fertilizer business in Brazil, significantly str
Related Article
A U.S. magistrate judge has dismissed a lawsuit filed by the Center for Biological Diversity and the Pesticide Action Ne
Related Article
An outbreak of Anthrax in the Gegharkounik has been reported to Dr Grisha Baghiyan, First Deputy to the Minister, Mi
Design by BS-Agro

. Thanks to Joomla 2.5 templates by FTS