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LAW OF TURKMENISTAN

of November 30, 2019

About the Government budget of Turkmenistan for 2020

Article 1

Approve the Government budget of Turkmenistan for 2020 according to the income in the amount of the 84th 391, in 7 million manats and on expenses in the amount of the 84th 291, in 7 million manats, including the budget of the first level for the income in the amount of 23rd 382, in 0 million manats and on expenses in the amount of 23rd 282, in 0 million manats.

Article 2

Approve the Centralized budget of Turkmenistan for 2020 according to the income in the amount of the 76th 443, by 2 million manats and on expenses in the amount of the 76th 343, 2 million manats, including the budget of the first level for the income in the amount of the 15th 433, 5 million manats and on expenses in the amount of the 15th 333, 5 million manats.

Article 3

Establish for 2020 standard rates of contributions from nation-wide taxes to city budgets of Ashgabat and welayats in the following sizes:

from tax

from tax

from tax

on value added

on profit

for use of natural resources

city of Ashgabat

% 2,8

% 2,8

% 2,8

Ahal Region

% 100,0

% 100,0

% 100,0

Balkan Region

% 23,0

% 23,3

% 23,0

Dashoguz Region

% 100,0

% 100,0

% 100,0

Lebap Region

% 100,0

% 100,0

% 100,0

Mary Region

% 83,0

% 81,2

% 83,0

Article 4

Allocate in 2020 from the Centralized budget of Turkmenistan assignments to welayats in the amount 1 945, with 5 million manats for ensuring balance of their budgets, including:

Ahal Region

88,3

one million manats

Dashoguz Region

1 362,0

one million manats

Lebap Region

495,2

one million manats

Article 5

Approve local budgets in the amount of the 9th 894, by one million manats, including city budgets of Ashgabat and welayats in the following sizes:

city of Ashgabat

1 790,7

one million manats

Ahal Region

1 310,0

one million manats

Balkan Region

1 208,8

one million manats

Dashoguz Region

1 823,2

one million manats

Lebap Region

1 975,1

one million manats

Mary Region

1 786,2

one 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 2020 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 and bank loans.

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 2020 following from the laws of Turkmenistan, decrees, resolutions and orders of the President of Turkmenistan and also in necessary cases to allocate the funds saved in all respects expenses in the course of execution Centralized and local budgets for other expenditure items.

President of Turkmenistan

Gurbanguly Berdimuhamedov

 

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