Turkmenistan Has Launched the Process of Developing the 2027 State Budget
The key topics of the regular Cabinet of Ministers meeting chaired by President Serdar Berdimuhamedov on Friday, May 22, included defining the strategic financial framework for the country's medium-term development. Deputy Prime Minister Khodjamyrat Geldimyradov reported on the start of the large-scale work to develop the republic's main financial plan for 2027.
The key indicators of the State Budget, the Main Directions of Socioeconomic Development, and the Investment Program for the coming year will be calculated based on the Presidential Socioeconomic Program and the actual capabilities of the industries. Key macroeconomic priorities for 2027 include ensuring stable GDP growth rates, a stable monetary system, large-scale digital modernization of production facilities, and major investments in the creation of new industrial capacities. The document will also highlight incentives for the private sector and further improvements in the living standard of the population.
To formalize and regulate this process, President Serdar Berdimuhamedov signed the Resolution "On the Preparation of the State Budget of Turkmenistan for 2027" to support the report. According to the approved document, the Ministry of Finance and Economy is required to send calculation forms and methodological guidelines to all ministries, agencies, and the administrations of the provinces, cities of Ashgabat, and Arkadag by June 1, 2026. A special working group of experts is being established within the Ministry of Finance to coordinate the flow of information. The final draft of the State Budget and Investment Program must be compiled and submitted to the Cabinet of Ministers for review by November 1, 2026.
