Turkmen government reports economic growth in 2015

ASHGABAT (TCA) — Production in Turkmenistan grew 4.8 percent in 2015 as compared with the previous year, with high performance indicators observed in nearly all sectors of the country’s economy. This was said at the Turkmen Government meeting on January 8 that reviewed Turkmenistan’s economic results of 2015, the State News Agency of Turkmenistan reported. The meeting was chaired by President Gurbanguly Berdymukhammedov.  

It was said that in 2015, investments from all sources of funding increased in the country, 175 industrial facilities were put into operation and 155 facilities are currently under construction.

Last year, the revenues of the State budget were implemented at 100.6 percent and 78.7 percent of the budgetary funds were directed to the social sphere.

A total of 265 large-scale industrial and social facilities were built and 36 objects and enterprises were privatized last year.

In 2015, the production growth rate of oil made up 5.2 percent, electricity – 0.5 percent, gasoline, kerosene, lubricants, petroleum coke and polypropylene – 0.1 percent, oil bitumen – 21.2 percent, liquefied gas – 0.6 percent, cement – 4.4 percent, non-metallic building materials – 15.5 percent, plastic and fiberglass pipes – 3.7 percent, iron – 1.7 percent, mineral fertilizers – 75.2 percent, cotton fibre – 2 percent, cotton fabric – 7.4 percent, macaroni – 12.8 percent, mineral water and soft drinks – 11 percent, and medical products – 38 percent.

High performance indicators were observed in the agricultural sector. In 2015, over 1.406 million tons of grain was harvested. The contractual commitments for cotton production were performed at 4.8 per cent above the plan. Rice production rose by 40.5 percent. Agricultural output, including meat, milk, eggs, vegetables, melons and watermelons rose as compared with 2014. As of January 1, 2016, the number of cattle increased by 28,200 heads, sheep – 168,700 heads, and poultry – 235,800 heads.

In 2015, the volume of construction works increased by 10.3 percent as compared to 2014.

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