Ministries of Turkmenistan must justify their costs for 2022

At a meeting of the Cabinet of Ministers on October 8, the Chairman of the Central Bank Gadyrgeldy Mushshikov reported on the implementation of the plan for the receipt of foreign exchange funds to the accounts of ministries and sectoral departments for the export of goods and the provision of services, the TDH state news agency reported .

However, President Gurbanguly Berdimuhamedov , addressing the Deputy Prime Minister for Economic, Banking and International Financial Organizations Serdar Berdimuhamedov , instructed to accelerate the improvement of the investment climate, bringing the financial system to a modern state and the formation of a market economy.

“These measures will allow achieving a steady increase in the flow of capital investments in our country,” the head of state said.

Among the top-priority tasks are the development of competition, improvement of the business environment and reduction of the share of state-owned industries in the structure of the economy.

Also, “the head of each ministry and sectoral department must substantiate his program for the coming year in the Ministry of Finance and Economy,” and the president’s son is instructed to timely carry out mutual settlements between institutions .

The President also ordered , first of all, to once again hold a meeting on the State Budget for 2022 and consider all of its articles. It will be approved at the upcoming meeting of the Cabinet of Ministers in the near future.

On September 14, Gurbanguly Berdimuhamedov held a meeting with Serdar Berdimuhamedov and Minister of Finance and Economy Muhammetgeldy Serdarov on the preparation of the draft State Budget for 2022. It also gave similar instructions.

Source: Chronicles of Turkmenistan