Turkmen president orders preparation of 2027 development, investment program

BAKU, Azerbaijan, September 24. Turkmen
President Serdar Berdimuhamedov has ordered the preparation of the
country's socioeconomic development and investment program for
2027.

He gave the instruction at a meeting of the Halk Maslahaty,
according to a press release issued by the press service of the
Turkmen government.

“In light of the objectives set for the country’s further
development, I direct that the “Program for the Socio-Economic
Development and Investment of Turkmenistan for 2027” be developed
to ensure their successful implementation in the coming year,”
Serdar Berdimuhamedov said.

The president said stronger economic growth is enabling the
government to increase revenues to the state budget. He noted that
significant budget funds were allocated this year for education,
healthcare and culture, as well as the construction of production
and social facilities.

According to Serdar Berdimuhamedov, 68.5% of the funds allocated
for construction were directed to production facilities, while
31.5% went to social facilities.

He added that budget revenues have increased through economic
reforms, innovation-driven development and a higher share of the
private sector.

“We will continue work on the economic and industrial
development of the country, as this is the main goal of our
socioeconomic strategy,” the president said.

For reference, Turkmenistan's previous 2026 Socioeconomic
Development and Investment Program was approved earlier this year
as the main framework for the country's economic and investment
priorities for the year. It also set a GDP growth target of
6.3%.

The program provides for investment in production and social
infrastructure, with priorities including industrial development,
modernization of existing facilities, creation of new production
capacity and development of the private sector. It also covers
measures to support innovation, digitalization, import substitution
and export-oriented production.

Source: https://www.trend.az/casia/turkmenistan/4227434.html

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