Fiscal Balance in Turkmenistan

Turkmenistan Fiscal Balance | Economic News & Forecasts

Turkmenistan - Fiscal Balance

Growth largely held up during the first seven months of the year as official government reports recorded an annual expansion of 6.2%, on the back of robust industrial output growth and sustained momentum in domestic consumption. Nevertheless, high import tariffs likely took a bite out of private consumption growth by fueling inflationary pressures in the period. Meanwhile, external sector dynamics appeared to be less upbeat. Capacity constraints have weighed on oil and gas output, effectively eliminating the gains from higher global energy prices. On 15 August, Turkmenistan reached an agreement with four other Caspian countries over how to divide the Caspian Sea’s oil and gas reserves, raising prospects for more energy exploration and pipeline projects looking ahead.

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 %Sep 20

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