At the end of the first quarter, Turkmenistan’s GDP growth amounted to 6.3%
13:53 09.04.2024 3493
The results of the work done in the first quarter of this year demonstrate the successful implementation of the adopted programs. During the reporting period, there was a steady growth of GDP, amounting to 6.3%. President Serdar Berdimuhamedov said this at a government meeting held on April 6 via the digital system.
The President noted that this figure in the industrial sector reached 4.7%, in the transport and communications sector - 6.6%, in the services sector - 7.6 percent, in trade - 8.2%, in agriculture - 4.1%. Wages increased by 10%.
The country is building large industrial and social facilities, including new villages, residential buildings, entertainment and medical centers, schools, kindergartens and other facilities, Serdar Berdimuhamedov emphasized.
During the government meeting, Deputy Chairman of the Cabinet of Ministers Hojamyrat Geldimyradov reported on macroeconomic indicators for the first quarter of 2024.
The Vice-Chairman noted that in general, the volume of production compared to the same period in 2023 is 8.8% more. In January–March of this year, the retail trade turnover indicator increased by 11% compared to the same period last year.
The revenue side of the state budget of the country for the first quarter was fulfilled at the level of 102.9%, and the expenditure part - 97.6%.
The volume of capital investments aimed at developing the national economy through all sources of financing increased by 25.3% compared to the same period in 2023, the Vice-Chairman added.
After listening to the report, Serdar Berdimuhamedov noted that based on the successes achieved over three months, in the future it is necessary to ensure the stability of GDP growth, as well as take appropriate measures for the further development of manufacturing industries.
The President also emphasized the need to carry out work to fully implement the State Budget revenue plan and keep under strict control the rational and targeted spending of budget funds.
Particular attention should be paid to the consistent improvement of the activities of the economic, financial and banking complex, the President of Turkmenistan emphasized.
Liquefied gas and jet fuel were sold abroad at the auctions, and polypropylene and base oil were sold to the domestic market
27 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.
Products of oil refineries were sold at the auction
Last week, 35 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan.
The work of the Interdepartmental Commission on the Caspian Sea was discussed at the Ministry of Foreign Affairs of Turkmenistan
The 63rd meeting of the Interdepartmental Commission of Turkmenistan on the Caspian Sea was held at the Ministry of Foreign Affairs on February 23. The meeting was attended by the relevant Vice-Chairmen of the Cabinet of Ministers of the country, the Director of the Caspian Sea Institute, heads of a number of ministries and specialized departments.
Dynamic development of national investments is carried out at the fields of Turkmenistan
Vice-Chairman of the Cabinet of Ministers Shakhym Abdrakhmanov, during an extended meeting of the government last Friday, reported on the work carried out by the oil and gas complex to increase oil and natural gas production, as well as the timely development of national investments in the coming years.
Turkmenistan started exporting gasoline A-98 of EURO-5 and EURO-6 standards
Turkmenistan has started exporting A-98 gasoline of EURO-5 and EURO-6 standards, the first batches were sold to entrepreneurs from the United Arab Emirates and Afghanistan.