Turkmenistan’s gross domestic product grew by 6.3 percent. This was stated in a report by Deputy Prime Minister H. Geldimyradov on macroeconomic indicators for the first ten months of this year, delivered at today’s regular Cabinet of Ministers meeting held via digital link. The news was reported by the “Watan” program.

By sector, growth was 3.8 percent in industry, 6.8 percent in construction, 10.4 percent in transport and communications, 8.6 percent in trade, 1.2 percent in agriculture and 8.5 percent in services. In January–October, total output rose 10 percent against the same period last year, and positive production results were achieved across sectors of the economy. Retail trade turnover increased by 10.6 percent and foreign trade turnover by 9.5 percent.

The revenue side of the state budget was fulfilled at 102.2 percent for January–October and the expenditure side at 97.3 percent. Wages, pensions, state benefits and student stipends were funded on time. The volume of capital investment from all sources of financing rose by 3.3 percent compared with the same period last year.

After hearing the report, the President of Turkmenistan noted the importance of continuing to improve the work of the economic, financial and banking sectors, keeping GDP growth at a high level and taking the necessary steps for balanced development of the economy’s sectors. He gave the deputy prime minister the relevant instructions.