Fiscal Balance in Turkmenistan

Turkmenistan Fiscal Balance | Economic News & Forecasts

Turkmenistan - Fiscal Balance

The economy approached year-end on a solid footing, with the latest figures showing solid growth into Q4 on the back of sturdy industrial gains and buoyant exports. On the external front, improved oil and gas receipts, coupled with import restrictions, look to have enabled a year-end reduction of the current-account deficit. However, growth should ease in the near-term as officials slash government spending in their efforts to transition to a more market-driven economy. The move is part of the government’s seven-year development plan aimed at reducing dependence on hydrocarbons, by diversifying industrial output through private-sector initiatives.

Turkmenistan - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)1.5  0.9  -0.7  -2.3  -     

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Turkmenistan Fiscal Balance Chart


Turkmenistan Fiscal
Note: Fiscal balance as % of GDP
Source: IMF

Turkmenistan Facts

ValueChangeDate
Exchange Rate3.500.01 %Jan 16

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