Deputies of the Mejlis adopted the Law "On the State Budget of Turkmenistan for 2026”

21:03 24.11.2025 4281

https://www.oilgas.gov.tm/storage/posts/15696/original-16923f6c1c67b8.jpg

At the eleventh session of the Mejlis of Turkmenistan of the seventh convocation on November 22, a number of new laws and regulatory documents were discussed and adopted, TDH reports.

The main item on the agenda was the consideration of the draft Law of Turkmenistan "On the State Budget of Turkmenistan for 2026".

As the speakers noted, this key financial and legal document is aimed at the successful implementation of comprehensive reforms and strengthening the national economy by maintaining sustainable growth rates in leading industries, developing regions, and realizing Turkmenistan's vast, multifaceted potential as a whole.

The State Budget of Turkmenistan for 2026 provides for the accelerated development of its core sectors – fuel and energy, construction and industrial complexes, agro-industrial complexes, transportation and communications, textile and food industries, etc.

According to the approved socio-economic strategy, substantial funds are being allocated for the implementation of major projects, the implementation of the urban development program in the capital, cities, and regions of the country, the construction of new important transport, communications, and industrial infrastructure facilities, and the widespread introduction of innovative technologies and the latest scientific and technological advances in all areas.

In the main financial document for the year, as in previous years, the majority of funds are allocated to funding the social sphere, notes TDH. A significant portion of the State Budget expenditures will be allocated to funding education, healthcare, culture, sports, the state social security system, and housing and utilities.

Measures to support entrepreneurship are planned for 2026, which will play a major role in increasing the volume of import-substituting and export-oriented domestic products and ensuring food abundance in the domestic market.

Deputies who unanimously voted to adopt the draft Law of Turkmenistan "On the State Budget of Turkmenistan for 2026" noted that this key financial and legal document, based on sound calculations and supported by the resource potential of the state and society, will serve to expedite the achievement of the high milestones of the new historical era.

Other articles
163070ce276e13.jpeg
It is planned to increase hydrocarbon production in Balkan region

In the Balkan region, a key region in the oil and gas sector of Turkmenistan, it is planned to increase natural gas production to 11 billion cubic meters per year by 2025. The head of the Department for Analysis of Economic Risks of the Agency for Protection from Economic Risks under the Ministry of Finance and Economy of Turkmenistan, Hangeldi Gurbangeldiev, said this in a commentary for the official Turkmen press.


1630859aadff9f.jpeg
Gas price in Europe exceeded $3,300 per 1,000 cubic meters

The spot price of gas in Europe on Thursday evening continued its active growth. A jump in prices at the end of the European trading session is usually the result of the influence of the growth of quotations in the Asian market, Interfax reports.


163086bb70e28b.jpeg
The price of Brent rose above $100 per barrel again

Oil prices are rising moderately on Friday morning after falling the day before, foreign media reported.


1630c5645f20d7.jpeg
The President of Turkmenistan dismissed the Deputy Chairman of the State Concern «Turkmennebit»

By the Decree of the President of Turkmenistan, Mammedov Toygeldi Bayrammyradovich was dismissed from the post of Deputy Chairman of the State Concern «Turkmennebit» as he failed to cope with the duties assigned to him.


1630608dd4382e.jpeg
Transactions for the export of LNG and jet fuel were entered at exchange trading

On Monday, August 22, 12 transactions were concluded at the State Commodity and Raw Materials Exchange of Turkmenistan for a total of $5.4 million, the ORIENT news agency reported.