Turkmenistan’s state budget revenue executed by almost 121 per cent
From January-September 2013, the revenues of Turkmenistan's state budget amounted to 120.7 per cent while expenditures measured 96 per cent, Turkmenistan's Finance Ministry reported. During this period some 77.1 per cent of the budget was allocated towards the development of the social sector, said the report. It is expected that revenues will continue to grow through further development and support of private enterprise. A significant increase in allocations for the construction of hotels at the Avaza tourist resort, as well as of social and cultural facilities, and the development of industry, transport, and communication infrastructure is envisaged.
Source: trend.az Turkmenistan's GDP Grew by Almost 10%
Over the first nine months of 2013, the growth rate of the gross domestic product (GDP) in Turkmenistan amounted to 9.9 percent, said the Ministry of Economy and Development of Turkmenistan. Exports also increased, providing a steady flow of foreign currency to the state treasury. According to the report, the country's economy received large investments. Compared to the same period last year, the volume of investment increased by 7.1 percent.