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LAW OF TURKMENISTAN

of December 7, 2006 No. 68-III

About the Government budget of Turkmenistan for 2007

Article 1

Approve the Government budget of Turkmenistan for 2007 according to the income in the amount 98474, in one billion manats and on expenses in the amount 98126, in 3 billion manats, including on budget receipts of the first level in the amount 21818, in 6 billion manats and on expenses of the budget of the first level in the amount 21470, in 0 billion manats, with excess of the income over expenses in the amount 348, by 6 billion manats.

Article 2

Approve the Centralized budget of Turkmenistan for 2007 according to the income in the amount 90390, by 0 billion manats and on expenses in the amount 90041, one billion manats, including on budget receipts of the first level in the amount 13733, 7 billion manats and on expenses of the budget of the first level in the amount 13385, 1 billion manats, with excess of the income over expenses in the amount 348, by 6 billion manats.

Article 3

Permit the Ministry of Economics and finance of Turkmenistan to use remaining balance of free money on the account of the Centralized budget of Turkmenistan as of 1 Turkmenbashi of 2007 on the current financing of expenses of the Centralized budget of Turkmenistan for 2007.

Article 4

Establish for 2007 standard rates of contributions from nation-wide taxes to budgets of welayats in the following sizes:

+-------------------------------------------------------+
¦                  ¦от налога ¦от налога на¦от налога за¦
¦                  ¦на прибыль¦добавленную ¦пользование ¦
¦                  ¦          ¦ стоимость  ¦  недрами   ¦
+------------------+----------+------------+------------¦
¦Ахалский велаят   ¦    32%   ¦     32%    ¦     32%    ¦
¦Балканский велаят ¦    11%   ¦     12%    ¦     12%    ¦
¦Дашогузский велаят¦   100%   ¦    100%    ¦    100%    ¦
¦Лебапский велаят  ¦    95%   ¦     95%    ¦     95%    ¦
¦Марыйский велаят  ¦    52%   ¦     55% 
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