WNAM MONITORING: President of Turkmenistan Serdar Berdimuhamedov signed the state budget for 2025, emphasizing support for the private sector. The plan aims to increase the share of the non-state sector in GDP to 71.6% by 2025, stimulating the growth of small and medium-sized enterprises.
The newspaper Turkmenistan organized a roundtable with the chair of the Committee on Economic Affairs of the Mejlis, the chair of the Committee on Social Policy, and the head of the State Budget Department of the Ministry of Finance and Economy of Turkmenistan to discuss ongoing work on this important document, as reported by the Agency for Transport and Communications under the Cabinet of Ministers of Turkmenistan on Tuesday.
The total budget amounts to 123.8 billion manats, with a projected GDP growth of 6.3%. The budget primarily focuses on the social sector, allocating 76% of funds, a significant portion of which will go to education (37.2%) and healthcare (13.4%).
The reforms and state financing will mainly support the private sector, which drives economic growth. The plan includes actively involving businesses in production and socio-cultural projects, ensuring substantial investments in the country’s economy.
In addition, Turkmenistan will allocate 40.1 billion manats for economic development in 2025, with a significant share of these investments targeting the support and growth of private businesses.
Turkmenistan approved the state budget for 2024 at 102 billion 313.5 million manats for revenues and expenditures, including a first-level budget of 32 billion 865.0 million manats for revenues and expenditures.
