Turkmenistan - Public finance



Although still a centrally planned economy, Turkmenistan has slowly begun to decrease the size of the public sector's influence. Among the steps it has taken are a drive toward a unified market-based exchange rate, the allocation of government credits by auction, and stricter limits on budget deficits.

The US Central Intelligence Agency (CIA) estimates that in 1999 Turkmenistan's central government took in revenues of approximately $588.6 million and had expenditures of $658.2 million. Overall, the government registered a deficit of approximately $69.6 million. External debt totaled $2.3 billion.

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