Turkmenistan’s Mejlis Adopts Law on the State Budget for 2024

Ashgabat – Presidential Palace and Ministry buildings. Photo: TCA

On November 24th, the Mejlis of Turkmenistan, during its fourth meeting of the seventh convocation, unanimously adopted the Law “On the State Budget of Turkmenistan for 2024”. The budget, which is based on comprehensive calculations backed by the state’s financial capacity, aims to serve the interests of the people and their well-being.

The session was chaired by President Serdar Berdimuhamedov, who addressed the priorities of the state policy. The meeting also considered several significant normative legal acts developed in line with the country’s comprehensive program for the modernization of the legal framework.

The main financial-legal document for local budgets in the forthcoming year was also discussed. The budget for 2024 is set to reach a total of 102,313.5 million Turkmen manat (US $ 29.23 billion), marking a significant increase from the previous year1.

In addition to the 2024 budget, the Mejlis also unanimously adopted the Resolution “On the Implementation of the State Budget of Turkmenistan for 2022”.

The meeting further deliberated on several draft laws such as the “International Convention on Civil Liability for Damage from Bunker Fuel Pollution”, “Amendments and Additions to Some Legislations of Turkmenistan”, and “Protection of Objects of National Historical and Cultural Heritage”. These legislative drafts were all unanimously approved and adopted.

The adoption of the state budget for 2024 and the discussion of various legislative drafts underscore the government’s commitment to modernizing the country’s legal framework and boosting economic growth.