The Mejlis of Turkmenistan adopts the State budget for 2017

Regular 17th session of the Mejlis of Turkmenistan of the fifth convocation was held. Number of new laws and legal and regulatory acts, developed in accordance with the priorities of the policy of President Gurbanguly Berdimuhamedov and integrated programme for improvement of legislative base of the country, were adopted during the session.

In the beginning of the session, where members of the Government, leader of relative ministries and departments and representatives of mass media were invited, the deputies reviewed and approved the Draft Resolution of the Mejlis of Turkmenistan On Approval of Authority of the Mejlis Deputies elected in certain electoral districts.

After, the Draft Bill of Turkmenistan On the State Budget of Turkmenistan for 2017 and the Resolution of the Mejlis of Turkmenistan On Execution of the state Budget of Turkmenistan for 2015 were provided for discussion.

As is known, Leader of the Nation Gurbanguly Berdimuhamedov, speaking of the main vectors of social and economic development, which would be taken into account in the draft of the State Budget for 2017, during the session of the Council of the Elders in September of this year, highlighted the necessity to pay utmost attention to support of stable high rates of economic growth for the account of intensive development of the branches by their diversification. The Head of the State emphasized that following this, the reforms for combined development of economy, stipulating realization of large and important investment projects of regional and international importance, have to be continued.

Having defined the provision of social protection of the population by increase of salaries, pensions and student scholarships, development of social and living sphere as one of important next targets, the Head of the State expressed the confidence that this work would promote the establishment of reliable base of stable macroeconomic growth and prosperous life of people.

In this context, during current session of the Mejlis, the speakers, touching upon main principles and approaches to development of the State Budget of the country for 2017, stressed the attention on the formation of its revenue, indices of economic, cultural and social development stipulated for the next year. It was mentioned that large analytical work for all branches was carried out, remarks and specific recommendations of the Head of the State were accounted during development of this financial legal document.

As well as in the previous years, the State Budget for 2017 is aimed at, first of all, support of stable growth rates of national economy, realization of large investment projects, wide implementation of innovative technologies, last developments of the science and technology in all spheres, provision of high efficiency of the State expenditures and generally, at steadfast improvement of life level of Turkmenistan citizens.

Generally, the revenue of the State Budget for 2017 will make 103 571.6 million manats and expenditure part � 104 871.6 million manats. The revenue of the budget will be settled mainly by such important production branches as oil and gas, chemical industry, electrical energy, construction and other. Agro-industrial complex, transport and communication sphere, textile and food industry will be also intensively developed. Realization of large-scale state programmes, undertaken in the country by the initiative of Leader of the Nation Gurbanguly Berdimuhamedov including for combined industrialization of the regions, increase of production volumes of import substitutive and export materials, consolidation of private sector of economy, all of these will also provide steady growth of the budget revenue.

Considerable part of the expenses of the State Budget of Turkmenistan will be spent in social sphere including financing of education, public health, culture, sport, system of the sate social support, living and utility infrastructure. This gives visual evidence that the main financial document traditionally keeps social orientation and is summoned to provide the growth of wellbeing of the population in accordance with priorities of the policy led by Head of the State Gurbanguly Berdimuhamedov.

Huge investments are stipulated for realization of large-scale national projects and programmes including provision of necessary amenities of National tourist zone Avaza, implementation of urban planning programme in the capital and velayats of the country, construction of important social and cultural facilities, industrial, transport and communication infrastructure.

The Law On the State Budget of Turkmenistan for 2017 was unanimously adopted by the deputies of the Mejlis of Turkmenistan. The parliamentarians also voted unanimously for the adoption of the Resolution of the Mejlis of Turkmenistan On Execution of the State Budget of Turkmenistan for 2015.

Source: Turkmenistan: the Golden Age Online Newspaper