The Program of Socio-Economic Development of Turkmenistan and Investments for 2024 was approved

In 2024, it is planned to maintain Turkmenistan’s GDP growth at 6.3%, increase foreign trade turnover to 20.7 billion US dollars, and invest 38.5 billion manat in the country’s economy.  These parameters are included in the Program of Socio-Economic Development of Turkmenistan and Investments for 2024, approved on Friday at an extended government meeting.

At a government meeting, President Serdar Berdimuhamedov focused the attention of members of the Cabinet of Ministers on the priority tasks identified in the draft Program for the socio-economic development of Turkmenistan and investments in 2024, developed with the aim of successfully implementing the Program of the President of Turkmenistan for the socio-economic development of the country for 2022–2028.

As the head of state noted, in accordance with the document, this year it is planned to: maintain GDP growth at 6.3%;  achieve the full capacity utilization of production complexes;  create about 3,000 jobs through the construction of new enterprises.

Along with this, it is planned to increase the volume of foreign trade turnover to 20.7 billion US dollars, develop small and medium-sized businesses, increase the share of the private sector in the structure of GDP (not including the fuel and energy complex) to 71.4%, as well as household incomes due to an increase of 10% wages, pensions, state benefits and scholarships for students, improve the social and living standards of citizens, said Serdar Berdimuhamedov.

“In 2024, it is planned to invest 38.5 billion manats into the country’s economy from all sources of financing,” the President of Turkmenistan noted.

Continuing the meeting, Serdar Berdimuhamedov signed a resolution approving the Program for the socio-economic development of Turkmenistan and investments for 2024.

Link : https://oilgas.gov.tm/en/posts/habarlar/9892/the-program-of-socio-economic-development-of-turkmenistan-and-investments-for-2024-was-approved