In Turkmenistan in January 2024, the GDP growth rate was 6.3%
12:41 19.02.2024 5616
As a result of the successful implementation of comprehensive measures, a stable growth rate of Turkmenistan's GDP was ensured in January, which amounted to 6.3%. This was announced by Vice-Chairman of the Cabinet of Ministers of Turkmenistan Hojamyrat Geldimyradov, who presented a report on macroeconomic indicators for the first month of this year at a government meeting on February 16.
The Vice-Chairman also noted that the volume of products produced increased by 8.2% compared to the same period in 2023, and retail trade turnover increased by 10.6%. The revenue side of the State Budget for January was fulfilled at the level of 104.8%, and the expenditure side – 97.1%.
Wages at large and medium-sized enterprises in the country increased by 10% compared to the corresponding period in 2023. Wages, pensions, state benefits and student scholarships have been funded in a timely manner,” the Vice-Chairman said.
The volume of capital investments disbursed from all sources of financing in January compared to the same period last year increased by 24.6%.
After listening to the report, President Serdar Berdimuhamedov focused on the importance of carrying out work for the successful implementation of the tasks defined for 2024 in the Country’s Socio-Economic Development Program for 2022–2028.
Emphasizing the need to take appropriate measures to maintain the dynamics of GDP growth and the coordinated development of industries, the head of Turkmenistan addressed the Vice-Chairman with a number of specific instructions.
IEA: $600 billion needed to cut global oil and gas emissions
Analysts at the International Energy Agency (IEA) estimate that halving the emission intensity of the world’s oil and gas production will require an investment of $600 billion.
EBRD predicts high growth rates of Turkmenistan’s GDP in 2023-2024
The European Bank for Reconstruction and Development (EBRD), in its May Regional Economic Prospects review, published its assessment of Turkmenistan’s GDP growth in 2023-2024.
Energy cooperation will be discussed at the Central Asia – China summit – experts
Theme of the energy cooperation will be among the priority on the agenda of the upcoming Central Asia – China summit, which will be held on May 18-19 in the ancient Chinese city Xi’an, according to well-known analytical centers and political scientists.
The President of Turkmenistan proposed to implement new projects for gas supplies to China
President of Turkmenistan Serdar Berdimuhamedov, speaking at the first Central Asia-China Summit in the ancient Chinese city of Xian, proposed to continue work on the implementation of new projects related to the supply of Turkmen natural gas to China, TDH reports.
The President instructed to develop drafts of the State Budget and other programs for 2024 in a timely manner
President of Turkmenistan Serdar Berdimuhamedov signed a Resolution providing for measures aimed at the timely preparation of draft State budgets, the main directions of socio-economic development and the country’s investment program for 2024.