LAW OF TURKMENISTAN

of November 27, 2010 No. 153-IV

About the Government budget of Turkmenistan for 2011

Article 1

Approve the Government budget of Turkmenistan for 2011 according to the income in the amount 61957, in 6 million manats and on expenses in the amount 63973, in 0 million manats, including the budget of the first level for the income in the amount 10987, in 2 million manats and on expenses in the amount 13002, in 6 million manats.

Article 2

Establish limit of central government budget deficit of Turkmenistan for 2011 in the amount 2015, of 4 million manats.

Determine that source of covering of budget deficit is the remaining balance of budgetary funds which developed as of January 1, 2011.

Article 3

Approve the Centralized budget of Turkmenistan for 2011 according to the income in the amount 57223, by 1 million manats and on expenses in the amount 59238, 5 million manats, including the budget of the first level for the income in the amount 6252, 7 million manats and on expenses in the amount 8268, 1 million manats.

Article 4

Establish for 2011 standard rates of contributions from nation-wide taxes to city budgets of Ashgabat and welayats in the following sizes:

Article 5

Allocate in 2011 from the Centralized budget of Turkmenistan assignments to welayats in the amount 1499, with 9 million manats for ensuring balance of their budgets, including:

Dashoguz Region 906, 9 million manats

Mary Region 593, 0 million manats

Article 6

Approve local budgets in the amount 6234, by 4 million manats, including city budgets of Ashgabat and welayats in the following sizes:

city of Ashgabat 848, 0 million manats

Ahal Region 946, 8 million manats

Balkan Region 880, 1 million manats

Dashoguz Region 1100, 8 million manats

Lebap Region 1137, 5 million manats

Mary Region 1321, 2 million manats

Article 7

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

Article 8

Charge to the Ministry of Finance of Turkmenistan to bring necessary amendments in the indicators of the Government budget of Turkmenistan for 2011 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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