In Turkmenistan, the volume of investments aimed at developing the national economy in the first half of the year increased by 20.8% compared to the same period in 2023, which in relation to GDP amounted to 17.3%. At the same time, 48.5% of the utilized capital investments were allocated for production facilities, and 51.5% - for social and cultural facilities.

The Minister of Finance and Economy of the country, S. Joraev, reported on this on July 12 during an extended meeting of the Government dedicated to the results of the first half of the year.

Regarding the development of the state budget, the minister said that as of July 1, the execution of the revenue side amounted to 102.1%, and the expenditure side – 97.7%.

During the reporting period, the revenue side of local budgets was fulfilled at the level of 101.4 percent, and the expenditure side – at 98.2 percent.

It was also reported that In January-June of this year, 44 meetings of balance commissions were held, including 38 regional ones, during which the results of the financial and economic activities of ministries and line departments, their reporting institutions and enterprises were reviewed, TDH reports.