LAW OF TURKMENISTAN

of November 25, 2017 No. 651-V

About the Government budget of Turkmenistan for 2018

Article 1

Approve the Government budget of Turkmenistan for 2018 according to the income and expenses in the amount 95508, in 5 million manats, including the budget of the first level for the income and expenses in the amount 19623, in 3 million manats.

Article 2

Approve the Centralized budget of Turkmenistan for 2018 according to the income and expenses in the amount 88144, by 0 million manats, including the budget of the first level for the income and expenses in the amount 12258, 8 million manats.

Article 3

Establish for 2018 standard rates of contributions from nation-wide taxes to city budgets of Ashgabat and welayats in the following sizes:

Article 4

Allocate in 2018 from the Centralized budget of Turkmenistan assignments to welayats in the amount 1050, with 8 million manats for ensuring balance of their budgets, including:

Ahal Region 57, 3 million manats Dashoguz Region 993, 5 million manats

Article 5

Approve local budgets in the amount 8415, by 3 million manats, including city budgets of Ashgabat and welayats in the following sizes:

city of Ashgabat 1670, 7 million manats Ahal Region 1032, 5 million manats Balkan Region 1000, 5 million manats Dashoguz Region 1450, 1 million manats Lebap Region 1780, 6 million manats Mary Region 1480, 9 million manats

Article 6

Determine that the protected expenditure items of the Government budget of Turkmenistan are the salary, pensions, public welfare payments and grants.

Article 7

Determine that in case of formation of budget deficit sources of financing are means from the state borrowings and (or) the formed remaining balance of budgetary funds according to the legislation of Turkmenistan.

Determine that the additional incomes arriving in the Government budget of Turkmenistan in 2018 from other sources and also the amounts of excess of the income over expenses in first-priority procedure go for debt repayment on the state borrowings.

Article 8

Charge to the Ministry of Finance and Economy of Turkmenistan to bring necessary amendments in the indicators of the Government budget of Turkmenistan for 2018 following from the laws of Turkmenistan, decrees, resolutions and orders of the President of Turkmenistan and also to allocate in necessary cases the funds saved in all respects expenses in the course of execution Centralized and local budgets for other expenditure items.

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