Ï President of Turkmenistan approves the Procedure for allocating investments from the Stabilization Fund
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President of Turkmenistan approves the Procedure for allocating investments from the Stabilization Fund

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In order to further increase the social conditions of the population and further improve the financial support of economic sectors, timely finance new industries, investment projects and trade contracts, as well as to ensure the socio-economic development of the country, and efficient use of the Stabilization Fund and implement the provisions of the Budget Code of Turkmenistan, the President Turkmenistan signed the Resolution approving the Procedure for allocating investments from the Stabilization Fund.

The Ministry of Finance and Economy, as well as the Central Bank, together with the Ministry of Justice were instructed to prepare and submit to the Cabinet of Ministers proposals on amendments and additions to the legislation of Turkmenistan arising from the Resolution within a month.