Turkmen parliament to discuss draft state budget for 2015

During a government meeting, Turkmen President Gurbanguly Berdimuhamedov approved the presented draft state budget for 2015 and submitted the document to the Majlis (parliament) of the country, a message from the government of Turkmenistan said.
During the meeting, Turkmenistan’s Deputy Prime Minister Annamuhammet Gochiyev delivered a report on the expected growth rate of main macroeconomic indicators, including GDP, the use of investments from all sources of funding, as well as foreign trade turnover, according to the government message.
Turkmenistan’s state budget envisages a 10 percent increase in wages, pensions, government benefits and student scholarships, the message said.
The revenues in Turkmen state budget are formed by oil and gas, chemical, power generation, and construction sectors. The budget also includes a progressive development of agro-industrial complex, transport sectors and food industry.
The state budget revenues are expected to continue growing as a result of further development and the support to non-government form of ownership.
Turkmenistan holds one of key positions in the region for the supply of natural gas, which is imported by Russia, China, and Iran.
In the 2014 state budget, approved by Turkmenistan’s parliament, the revenues exceed 94.129 billion Turkmen manats, while expenses surpass 97,829 billion Turkmen manats.