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 six months of the year were summed up and the other important issues of the state policy life were considered.
Vice Premiers presented their reports. It was noted that the steady GDP growth rate was observed in January-June and made up 110.3 percent as compared to the same period of 2013. In January-May, the plan for foreign trade turnover was implemented to 100.02 percent as compared to the same period of 2012. It was also reported that the share of the industrial sector in the GDP growth was 48.8 percent, the share of the construction sector made up 16.1 percent, the share of the transport and communication sector made up 5.8 percent, the agriculture - 5.4 percent, the trade - 7.5 percent, the sphere of services - 16.4 percent.
High production results were achieved in all branches of the national economy. The production growth rate achieved 113.5 percent as compared to the same period of the last year.
The volume of retail trade in the reporting period increased up to 18.3 percent as compared to the same period of 2013. 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 achieved 108.3 percent as compared to the same period of 2013.
According to the Programme of the President of Turkmenistan on the Social and Economic Development for 2012-2016, the state plan was fulfilled up to 48.2 percent. The ratio of this macroeconomic indicator to GDP is 42.8 percent.
Within January-June, 2014, the growth of the natural gas production made up 112 percent, power production – 111.7 percent, gasoline – 102.1 percent, diesel fuel – 100.2 percent, kerosene – 100.6 percent, liquefied gas – 103.9 percent, oil bitumen – 125.3 percent, iodine - 104.0 percent, cement – 117.0, fertilizers - 121.0 percent, polypropylene - 105.8 percent, nonmetallic and other construction materials - 131.0 percent, cotton wool – 107.3 percent, pharmaceuticals – 109.3 percent, medical cotton – 106.4 percent, cotton fabric – 115.8 percent.
The volumes of the agricultural production significantly increased in the reporting period as compared to the same period of 2013. In January-June, 2014, the volumes of production of fruits and vegetables increased up to 2.4 percent, meat - 1.8 percent, milk - 3.3 percent, eggs - 2.3 percent as compared to the same period of 2013.
In January-June, 2014, the volumes of construction works increased up to 18.1 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 3.0 percent, the air transport - 14.9 percent, the motor transport sector - 7.6 percent, pipeline - 19.2 percent, the maritime transport - 12.3 percent.
In the reporting period, the motor, railway and air transport enterprises increased the volumes of the passenger transportation to 104.8 percent as compared to the same period of 2013. In particular, the passenger transportation growth rate in the railway transport sector increased up to 113.1 percent, the air transport - 103.3 percent, the motor transport sector - 104.3 percent. The volume of online services provided to the population increased up to 2.5 percent.
In January-June, 2014, the revenues of the state budget made up 117.4 percent and the expenditures - 97.0 percent. 82.6 percent of budgetary funds were spent to promote the social sphere. Summing up the reporting period, the State budget revenues were executed up to 110.9 percent, the expenditures – up to 96.8 percent.
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.
During the meeting, the President of Turkmenistan signed the Decree “On convening the Elders’ Council of Turkmenistan in 2014” and the Decree “On increasing wages, pensions, state benefits payments and scholarship in Turkmenistan”, as well as the Resolution on holding the meeting of the Elders’ Council of Turkmenistan in Lebap Velayat on October 20, 2014.
The Turkmen leader also signed the Resolutions approving the plans for enrolling students to the Academy of State Service in 2014-2015 academic year, as well as students to higher educational institutions and vocational schools in 2014, and the Resolution authorizing the membership of the State Commission on students enrollment.
During the meeting, President Gurbanguly Berdimuhamedov also appointed the high-ranking officials.
Considering the “Programme on construction of highways of the state significance in 2014-2023”, the Turkmen leader underlined that high-speed highways were of particular importance for the dynamic development of the national economy and instructed the relevant officials to modify the document and thoroughly study all proposals regarding this issue.
During the meeting, the President gave a keynote speech. The Turkmen leader characterized the results of work within the first six months of the current year, focused on the internal and foreign policy of the country and specified a number of priority tasks for the near future.
Vice Premiers presented their reports. It was noted that the steady GDP growth rate was observed in January-June and made up 110.3 percent as compared to the same period of 2013. In January-May, the plan for foreign trade turnover was implemented to 100.02 percent as compared to the same period of 2012. It was also reported that the share of the industrial sector in the GDP growth was 48.8 percent, the share of the construction sector made up 16.1 percent, the share of the transport and communication sector made up 5.8 percent, the agriculture - 5.4 percent, the trade - 7.5 percent, the sphere of services - 16.4 percent.
High production results were achieved in all branches of the national economy. The production growth rate achieved 113.5 percent as compared to the same period of the last year.
The volume of retail trade in the reporting period increased up to 18.3 percent as compared to the same period of 2013. 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 achieved 108.3 percent as compared to the same period of 2013.
According to the Programme of the President of Turkmenistan on the Social and Economic Development for 2012-2016, the state plan was fulfilled up to 48.2 percent. The ratio of this macroeconomic indicator to GDP is 42.8 percent.
Within January-June, 2014, the growth of the natural gas production made up 112 percent, power production – 111.7 percent, gasoline – 102.1 percent, diesel fuel – 100.2 percent, kerosene – 100.6 percent, liquefied gas – 103.9 percent, oil bitumen – 125.3 percent, iodine - 104.0 percent, cement – 117.0, fertilizers - 121.0 percent, polypropylene - 105.8 percent, nonmetallic and other construction materials - 131.0 percent, cotton wool – 107.3 percent, pharmaceuticals – 109.3 percent, medical cotton – 106.4 percent, cotton fabric – 115.8 percent.
The volumes of the agricultural production significantly increased in the reporting period as compared to the same period of 2013. In January-June, 2014, the volumes of production of fruits and vegetables increased up to 2.4 percent, meat - 1.8 percent, milk - 3.3 percent, eggs - 2.3 percent as compared to the same period of 2013.
In January-June, 2014, the volumes of construction works increased up to 18.1 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 3.0 percent, the air transport - 14.9 percent, the motor transport sector - 7.6 percent, pipeline - 19.2 percent, the maritime transport - 12.3 percent.
In the reporting period, the motor, railway and air transport enterprises increased the volumes of the passenger transportation to 104.8 percent as compared to the same period of 2013. In particular, the passenger transportation growth rate in the railway transport sector increased up to 113.1 percent, the air transport - 103.3 percent, the motor transport sector - 104.3 percent. The volume of online services provided to the population increased up to 2.5 percent.
In January-June, 2014, the revenues of the state budget made up 117.4 percent and the expenditures - 97.0 percent. 82.6 percent of budgetary funds were spent to promote the social sphere. Summing up the reporting period, the State budget revenues were executed up to 110.9 percent, the expenditures – up to 96.8 percent.
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.
During the meeting, the President of Turkmenistan signed the Decree “On convening the Elders’ Council of Turkmenistan in 2014” and the Decree “On increasing wages, pensions, state benefits payments and scholarship in Turkmenistan”, as well as the Resolution on holding the meeting of the Elders’ Council of Turkmenistan in Lebap Velayat on October 20, 2014.
The Turkmen leader also signed the Resolutions approving the plans for enrolling students to the Academy of State Service in 2014-2015 academic year, as well as students to higher educational institutions and vocational schools in 2014, and the Resolution authorizing the membership of the State Commission on students enrollment.
During the meeting, President Gurbanguly Berdimuhamedov also appointed the high-ranking officials.
Considering the “Programme on construction of highways of the state significance in 2014-2023”, the Turkmen leader underlined that high-speed highways were of particular importance for the dynamic development of the national economy and instructed the relevant officials to modify the document and thoroughly study all proposals regarding this issue.
During the meeting, the President gave a keynote speech. The Turkmen leader characterized the results of work within the first six months of the current year, focused on the internal and foreign policy of the country and specified a number of priority tasks for the near future.