President of Turkmenistan Gurbanguly Berdimuhamedov chaired an enlarged meeting of the Cabinet of Ministers, during which the results of Turkmenistan’s economic development in the first three months of the year were summed up and the other important issues of the state policy life were considered. The Chairperson of the Mejlis of Turkmenistan, Khyakims of velayats, straps and cities, rectors of the institutions of higher education, editors in chief of the local newspapers and journals as well as the heads of ministries and department were invited to take part in the meeting.
The President opened the meeting and underlined that the work of particular ministries and departments as well as velayat khyakimliks would be analyzed and assessed during the meeting and a number of appointments would be made.
Vice Premiers presented their reports. It was reported that the share of the industrial sector in the GDP growth was 51.5 percent and the share of the non-governmental sector made up 58.3 percent. It was also reported that almost all sectors of the national economy achieved the high rates in the first three months of the year. The production growth rate achieved 113.6 percent as compared to the same period of the last year.
The volume of retail trade in the reporting period increased up to 18.7 percent as compared to the same period of 2013. In January-March 2014, the volume of the foreign trade turnover also increased as compared to the same period of 2013.
According to the reports, the volume of investment from all the sources of financing is high. The ratio of this macroeconomic indicator to GDP is 38.7 percent.
In January-March, the revenues of the state budget exceeded the expenditures. 80.5 percent of budgetary funds were spent to promote the social sphere. It was also noted that the lines of the State budget, such as wages, pensions, state benefits payments and scholarship, had been financed in a proper and timely manner.
Within January-March, 2014, the growth of the natural gas production made up 106.9 percent, power production – 116.2 percent, gasoline – 102.5 percent, diesel fuel – 100.2 percent, kerosene – 101.0 percent, liquefied gas – 103.3 percent, oil bitumen – 121.0 percent, iodine - 101.2 percent, cement – 133.9, fertilizers - 149.6 percent, nonmetallic and other construction materials - 134.0 percent, cotton wool – 111.6 percent, pharmaceuticals – 109.3 percent, cotton fibre – 103.4 percent, cotton fabric – 113.7 percent.
Detailed information on the ongoing agricultural activities, in particular the harvesting campaign, was presented. All necessary agricultural measures are taken in line with agronomic standards.The volumes of the agricultural production significantly increased as compared to the same period of 2013.
In January-March, 2014, the volumes of construction works increased up to 18.8 percent as compared to the same period of 2013. In the reporting period, the motor, railway and air transport enterprises increased the volumes of the freight traffic up to 11 percent as compared to the same period of 2013. In particular, the freight traffic growth rate in the railway transport sector increased up to 2.4 percent, the motor transport sector - 9.7 percent, pipeline - 17.4 percent.
Summing up the reporting period, the State budget revenues were executed up to 112.7 percent, the expenditures – up to 96.8 percent.
A number of personnel decisions were adopted during the meeting. The President of Turkmenistan provided a number of specific instructions to the high ranking officials.
Other important state policy issues were considered, and a number of the relevant documents and decisions were adopted during the government meeting.
The President opened the meeting and underlined that the work of particular ministries and departments as well as velayat khyakimliks would be analyzed and assessed during the meeting and a number of appointments would be made.
Vice Premiers presented their reports. It was reported that the share of the industrial sector in the GDP growth was 51.5 percent and the share of the non-governmental sector made up 58.3 percent. It was also reported that almost all sectors of the national economy achieved the high rates in the first three months of the year. The production growth rate achieved 113.6 percent as compared to the same period of the last year.
The volume of retail trade in the reporting period increased up to 18.7 percent as compared to the same period of 2013. In January-March 2014, the volume of the foreign trade turnover also increased as compared to the same period of 2013.
According to the reports, the volume of investment from all the sources of financing is high. The ratio of this macroeconomic indicator to GDP is 38.7 percent.
In January-March, the revenues of the state budget exceeded the expenditures. 80.5 percent of budgetary funds were spent to promote the social sphere. It was also noted that the lines of the State budget, such as wages, pensions, state benefits payments and scholarship, had been financed in a proper and timely manner.
Within January-March, 2014, the growth of the natural gas production made up 106.9 percent, power production – 116.2 percent, gasoline – 102.5 percent, diesel fuel – 100.2 percent, kerosene – 101.0 percent, liquefied gas – 103.3 percent, oil bitumen – 121.0 percent, iodine - 101.2 percent, cement – 133.9, fertilizers - 149.6 percent, nonmetallic and other construction materials - 134.0 percent, cotton wool – 111.6 percent, pharmaceuticals – 109.3 percent, cotton fibre – 103.4 percent, cotton fabric – 113.7 percent.
Detailed information on the ongoing agricultural activities, in particular the harvesting campaign, was presented. All necessary agricultural measures are taken in line with agronomic standards.The volumes of the agricultural production significantly increased as compared to the same period of 2013.
In January-March, 2014, the volumes of construction works increased up to 18.8 percent as compared to the same period of 2013. In the reporting period, the motor, railway and air transport enterprises increased the volumes of the freight traffic up to 11 percent as compared to the same period of 2013. In particular, the freight traffic growth rate in the railway transport sector increased up to 2.4 percent, the motor transport sector - 9.7 percent, pipeline - 17.4 percent.
Summing up the reporting period, the State budget revenues were executed up to 112.7 percent, the expenditures – up to 96.8 percent.
A number of personnel decisions were adopted during the meeting. The President of Turkmenistan provided a number of specific instructions to the high ranking officials.
Other important state policy issues were considered, and a number of the relevant documents and decisions were adopted during the government meeting.