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The President of Turkmenistan set a number of important tasks for the development of the economy in the context of the pandemic

23:5920.05.2020
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Today, President Gurbanguly Berdimuhamedov held a working meeting with the participation of Deputy Chairmen of the Cabinet of Ministers B. Ovezov and G. Mushshikov, who are in charge of transport, communication and financial and economic sectors.

Opening the meeting, the President noted that taking into account the difficult epidemiological situation in the world and the region, it is important to maintain a steady pace of development of all segments of the economic complex. At the same time, much attention should be paid to the implementation of measures outlined at Government meetings.

At the same time, it is necessary to adjust the plans approved for the current year, developed taking into account the program of socio-economic development of the country for 2020-2025 and industry programs, the head of state stressed.

Then Deputy Prime Minister B. Ovezov reported on the practical steps taken by subordinate structures aimed at improving the logistics sector and maintaining the growth rate of cargo and passenger transportation.

There was also a detailed report on the reform of the activities of transport and communication enterprises. As reported, measures are being taken to ensure coherence of all structural divisions of the transport sector.

Summarizing the report, the head of state stressed that it is important to continue to make every effort for coordinated and effective work of this sector. This is an essential condition for further progressive socio-economic development of the country.

Stressing that the state pays full attention to the formation of a multi-functional and competitive transport and communication complex, the President addressed a number of specific instructions to the Deputy Prime Minister to ensure the proper quality of services provided by industry enterprises.

Then Deputy Prime Minister G. Mushshikov reported on the work carried out by financial and banking institutions and the comprehensive measures being taken to develop the State budget for 2021.

As reported, the state Budget is planned to include significant amounts of investment in the development of the social sphere, primarily health, education, and improving the welfare of the people.

After hearing the report, the head of Turkmenistan noted that in preparing this strategic document, as in previous years, it is necessary to proceed from the existing potential and analytical forecasts and ordered to provide measures for the stable development of all sectors, increasing the profitability of production, and rational use of investment opportunities.

Drawing attention to the fact that the situation in the global economy remains difficult, President Gurbanguly Berdimuhamedov noted the need to maintain a steady pace of development. Special importance should be attached to modernizing industries, reducing non-targeted expenditures, stabilizing the financial system, and maintaining investment activity, the head of Turkmenistan said.

During the meeting, the President of the country focused on the priority tasks facing the leading sectors of the economy in the near future.

As it was noted, restrictions on international passenger and cargo transportation are currently imposed, which has a negative impact on the main economic indicators of transport and communication sector enterprises. This requires rapid response to the current situation in order to reduce its impact on the further development of this sphere.

Among the significant practical steps were the revision of the terms of payment of Bank loans, taxes and investments and the development of relevant proposals in a short time.

It was also ordered to keep under strict control the issues of improving the activities of all institutions through the active introduction of advanced technologies.

Emphasis was placed on the need to ensure that self – supporting ministries and industry departments maintain organizations and enterprises under their control at their own expense, and state structures financed from the budget-at the expense of investments allocated for the current year and extra-budgetary funds.

It is also necessary to study the possibility of maximizing the use of local resources to solve the problems of developing the tourism industry, the Turkmen leader noted, stressing that it is important to pay due attention to this service sector.

One of the key vectors of the upcoming work is the creation of favorable conditions for the development of entrepreneurship. In this context, it is necessary to consider the possibility of providing the private sector with various benefits for providing raw materials, Bank loans, paying taxes, conducting mutual settlements, and export operations, as well as develop specific proposals, the President stressed.

The textile industry is one of the priority and export-oriented sectors of the national economic complex. Due to the current situation on the world market, the demand for products produced by industry enterprises has temporarily decreased, the head of state said.

In this regard, it is necessary to consider the possibility of selling textile products to domestic consumers, the Turkmen leader noted. The head of state also ordered to study the needs of the foreign market, providing for online sales.

The Turkmen leader gave an order to complete work on the new version of the State budget in the near future, as well as to find additional sources for its revenue.

In conclusion, President Gurbanguly Berdimuhamedov stressed that today there were identified urgent tasks that need to be solved quickly and wished the participants of the meeting success in their work, the state news Agency of Turkmenistan reports.

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