Berdymukhammedov instructs that the economic recovery program be set up and reasons for wage arrears be identified

The state information agency TDH reports that on 5 June, 2020 President Gurbanguly Berdymukhammedov held a session of Turkmenistan’s Cabinet of Ministers to sum up the performance results over the course of five months of the year 2020.

In the course of the meeting Deputy Prime Minister overseeing economy and finance Garydgeldy Mushshikov briefed Berdymukhammedov on economic accomplishments, in particular, the GDP growth by 6,2%, an increase in trade turnover by 19,6% and production growth by 4,7%.

“Salaries, retirement allowances, state allowances and student stipends have been promptly funded”, – the Deputy Prime Minister reported.

Despite this, the head of state expressed concerns over the unfavourable situation in the global economy, which results, as viewed by Berdymukhammedov, in Turkmenistan’s economic performance being deteriorated.

With a view of economic recovery and achieving pre-crisis level macroeconomic indicators Deputy Prime Minister Mushshikov and Chairperson of Turkmenistan’s Central Bank Merdan Annadurdyev were charged with the task of designing “2020-2021 Program”.

The program will envisage “capital investments for the development of various industries and export support”.

Furthermore, Berdymukhammedov once again called for transitioning to digital economy, manufacturing import substitution products and improving quality of export-oriented merchandise as well as expediting privatization of state property.

The President also requested that reasons behind wage arrears be identified.

In other words, according to Deputy Prime Minister Mushshikov, funding for public sector salaries is being allocated but, pursuant to the President’s instructions, payment of salaries is delayed.



Source: Chronicles of Turkmenistan