President Serdar Berdimuhamedov Highlights Growth in Production Capacities
Ashgabat, The Gulf Observer: In a recent online Cabinet of Ministers meeting on Friday, President Serdar Berdimuhamedov announced that Turkmenistan has recorded capital investments totaling 2 billion 545 million manats in the past month. The Head of State emphasized that this figure marks a substantial increase of 24.6 percent compared to the same period last year, showcasing the nation’s commitment to economic development.
President Berdimuhamedov underscored that these capital investments lay the foundation for expanding production capacities, which, in turn, will contribute to an improvement in living conditions for the population. Additionally, the increased investments are expected to generate additional employment opportunities in various regions of the country.
During the meeting, the President revealed a notable GDP growth rate of 6.3 percent in January, reflecting sustained development across national economic sectors. He urged the necessity of implementing measures to enhance production volumes in industrial sectors, efficiently utilize existing capacities, and expand activities in trade and services.
Addressing the importance of fiscal responsibility, President Serdar Berdimuhamedov called for continued efforts to meet the planned targets for both revenue and expenditure outlined in the State Budget. This commitment to fiscal discipline is crucial for the overall economic stability and growth of Turkmenistan.
The government meeting concluded with a comprehensive review of the results from various sectors of the national economy for the month of January. Additionally, the officials addressed current issues in the country’s public life, highlighting the government’s dedication to addressing challenges and fostering continued progress.
Turkmenistan’s consistent focus on economic growth and strategic investments underscores its commitment to ensuring a prosperous future for its citizens while maintaining fiscal responsibility.
