Today, a scientifically based strategy for the development of Turkmenistan, combining mechanisms for effective management, planning and forecasting, along with a huge economic and resource potential, allows for multifaceted work and achieving positive macro indicators in industries.
The «Program for the Socio-Economic Development of Turkmenistan and Investments in 2025» takes into account the priority vectors of the presidential program for the socio-economic development of Turkmenistan in 2022-2028 and the State Budget for the current year.
The Program provides expected macroeconomic indicators in 2025, outlines production plans for all industries, work to be done, indicators of socio-economic development, and sets investment volumes for velayats, the cities of Ashgabat and Arkadag.
Thus, it is predicted that the GDP growth rate in the country in 2025 will be 6.3%. The retail turnover is planned to be increased to 169.2 billion manats, and foreign trade – to 20 billion US dollars.
In accordance with the Law of Turkmenistan «On the State Budget of Turkmenistan for 2025», the revenue side of the country's main financial plan will be provided by the economic sectors, mainly through taxes and mandatory payments from the oil and gas, industrial, chemical, electric power, construction, agricultural complexes, transport and communications and textile industries, food industry, financial and economic and private sectors.
As expected, the share of funds allocated to the social sphere in the expenditure side of the State Budget will reach 76.1%.
In general, the state course of President Serdar Berdimuhamedov is aimed at the further prosperity of the country. In this context, great importance is attached to increasing investment activities. For this, the necessary conditions are created and financial resources are allocated in sufficient volumes. Capital investments in the development of high-speed processing industries and industrial sectors focused on the production of final products are growing annually, TDH reports.
