Over the past eleven months, the gross domestic product (GDP) has increased by 6.3 percent

On December 6, President Serdar Berdimuhamedov held a regular meeting of the Cabinet of Ministers via a digital system, during which several state-related issues were discussed.

The Deputy Chairman of the Cabinet of Ministers, H. Geldimyradov, reported on the macroeconomic indicators for January–November of the current year.

As reported, due to comprehensive measures taken to ensure the stable development of the national economy, GDP increased by 6.3 percent during the reporting period. Specifically, the growth rate in the industrial sector reached 2.2 percent, construction – 11 percent, the transport and communication sector – 7.1 percent, trade – 9.5 percent, agriculture – 5.3 percent, and services – 8.7 percent.

Compared to the same period in 2023, the volume of goods produced over the past eleven months increased by 12.1 percent. Positive production results have been achieved in various economic sectors.

Retail turnover grew by 12.8 percent compared to the same period last year, and stable growth rates were also observed in foreign trade turnover.

Reporting on the State Budget indicators, the Vice Premier stated that the revenue part of the main financial plan was executed at 102.6 percent, while the expenditure part was at 97.7 percent.

The average wage levels at large and medium-sized enterprises in the country were 10.6 percent higher in January–November compared to the corresponding period in 2023.

Compared to the same period last year, the volume of capital investments utilized from all financing sources increased by 29.2 percent over eleven months.

A report on the implementation of the National Rural Program was also presented. It was noted that since the beginning of the year, construction has been underway on 49 social facilities, 32 water treatment facilities, 725,100 square meters of housing, and various engineering systems.

Summarizing the report, President Serdar Berdimuhamedov emphasized the importance of constant analysis of the economic situation in the country. He noted that special attention should be given to increasing the revenue part of the State Budget. Simultaneously, the head of Turkmenistan instructed strict control over the financing of wages for employees of all enterprises and institutions, regardless of ownership forms, by December 20.+

Source: State News Agency of Turkmenistan