President Gurbanguly Berdimuhamedov chaired a meeting of the Cabinet of Ministers, during which Turkmenistan’s economic growth in eight months of the current year were considered.
The Vice Premiers presented the reports. GDP grew steadily in January-July of the current year. Industrial output rose to 112.9 percent in eight months of the current year as compared to the same period in 2012.
In the reporting period, retail trade turnover increased to 119.8 percent as compared to the same period in 2012.
The ratio of the volume of investment used from all sources of financing to GDP increased to 46.1 percent.
The revenues of the State budget were implemented to 118.9 percent and the expenditures – 95.5 percent. The plan for all the types of taxes was implemented fully in the reporting period. Salaries, pensions, state benefit payments and scholarships were paid out in a proper and timely manner.
The information on the progress in the winter wheat sowing campaign and the measures taken to speed up the cotton campaign was presented. The ambitious infrastructure projects are being implemented successfully in Turkmenistan. These include the projects for the development of the giant Galkynysh gas field, where the opening ceremony of the large-scale industrial facilities – the gas treatment plants – took place on September 4.
It was reported that oil and gas condensate production increased in eight months of the current year as compared to the same period in 2012, the plan was implemented to 106.3 percent. The production of oil and oil products increased. In particular, the production of gasoline grew to 103.1 percent and polypropylene – to 103.5 percent, the plans were implemented to 112.9 and 106.7 percent respectively. Well drilling rate grew to 124.6 percent as compared to the same period in 2012; the plan was implemented to 130.3 percent.
It was noted that 15 schools for 6,122 schoolchildren, 20 kindergartens for 3,310 chidlren and children’s recreational centres for 2,200 chidlren had been built and put into operation in the reporting period.
1,265 cultural institutions, which adopt new forms and methods of work, operate throughout the country. These institutions organized and held over 30,000 events in January-August. In the reporting period, the theatres in the country presented over 1,200 productions and performances. 34 museums, the depositories of which contain 302,500 exhibits, operate under the supervision of the Ministry of Culture.
Commenting on the reports, the President Gurbanguly Berdimuhamedov stated that the given figures testified to steady development of the national economy and its dynamic growth.
The Turkmen leader noted that GDP growth rate made up 109.8 percent in the reporting period. All the sectors of the national economy steadily developed: the growth rate in the industrial sector made up 117.5 percent, high performance was observed in the trade and services sectors and other industries.
The revenues of the State budget significantly exceeded the expenditures. The President noted that budget surplus had been ensured in the reporting period. Investment growth rate made up 107.1 percent, and foreign trade turnover was estimated at about US$ 20 billion. A rise in salaries amounted to 110.7 percent. Inflation rate was maintained within the limits.
Upon concluding the meeting, during which other domestic policy issues were considered, President Gurbanguly Berdimuhamedov wished good health, happiness and every success in their work to those present.
The Vice Premiers presented the reports. GDP grew steadily in January-July of the current year. Industrial output rose to 112.9 percent in eight months of the current year as compared to the same period in 2012.
In the reporting period, retail trade turnover increased to 119.8 percent as compared to the same period in 2012.
The ratio of the volume of investment used from all sources of financing to GDP increased to 46.1 percent.
The revenues of the State budget were implemented to 118.9 percent and the expenditures – 95.5 percent. The plan for all the types of taxes was implemented fully in the reporting period. Salaries, pensions, state benefit payments and scholarships were paid out in a proper and timely manner.
The information on the progress in the winter wheat sowing campaign and the measures taken to speed up the cotton campaign was presented. The ambitious infrastructure projects are being implemented successfully in Turkmenistan. These include the projects for the development of the giant Galkynysh gas field, where the opening ceremony of the large-scale industrial facilities – the gas treatment plants – took place on September 4.
It was reported that oil and gas condensate production increased in eight months of the current year as compared to the same period in 2012, the plan was implemented to 106.3 percent. The production of oil and oil products increased. In particular, the production of gasoline grew to 103.1 percent and polypropylene – to 103.5 percent, the plans were implemented to 112.9 and 106.7 percent respectively. Well drilling rate grew to 124.6 percent as compared to the same period in 2012; the plan was implemented to 130.3 percent.
It was noted that 15 schools for 6,122 schoolchildren, 20 kindergartens for 3,310 chidlren and children’s recreational centres for 2,200 chidlren had been built and put into operation in the reporting period.
1,265 cultural institutions, which adopt new forms and methods of work, operate throughout the country. These institutions organized and held over 30,000 events in January-August. In the reporting period, the theatres in the country presented over 1,200 productions and performances. 34 museums, the depositories of which contain 302,500 exhibits, operate under the supervision of the Ministry of Culture.
Commenting on the reports, the President Gurbanguly Berdimuhamedov stated that the given figures testified to steady development of the national economy and its dynamic growth.
The Turkmen leader noted that GDP growth rate made up 109.8 percent in the reporting period. All the sectors of the national economy steadily developed: the growth rate in the industrial sector made up 117.5 percent, high performance was observed in the trade and services sectors and other industries.
The revenues of the State budget significantly exceeded the expenditures. The President noted that budget surplus had been ensured in the reporting period. Investment growth rate made up 107.1 percent, and foreign trade turnover was estimated at about US$ 20 billion. A rise in salaries amounted to 110.7 percent. Inflation rate was maintained within the limits.
Upon concluding the meeting, during which other domestic policy issues were considered, President Gurbanguly Berdimuhamedov wished good health, happiness and every success in their work to those present.