How will the government support the economy amid the coronavirus pandemic?

How will the government support the economy amid the coronavirus pandemic?

President Berdimuhamedov instructed the government to reduce non-targeted spending, but at the same time maintain investment activity for the development of the domestic economy against the backdrop of the global crisis caused by the coronavirus pandemic, TDH reported.

The largest economic support will be provided to the transport and communications sector and the tourism sector, which were affected most by the pandemic. The business will receive benefits for the purchase of raw materials and loans, as well as for the payment of taxes, settlements and export operations. To support vulnerable sectors of the economy, the terms and conditions for the payment of loans and taxes will be reviewed.

Self-supporting ministries and departments will receive more powers to finance the work of subordinate organizations and enterprises. Budget government agencies will be provided with additional funds from targeted investments.

To implement the above measures, Berdimuhamedov instructed the government to find additional sources for the revenue side of the new state budget.

Earlier, the president also ordered to transfer to the Stabilization Fund of the country all foreign currency received by domestic exporters, converting these funds in the national currency..

Sapar MURADOV

0