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LAW OF TURKMENISTAN

On October 1, 2011 No. 226-IV

About the Government budget of Turkmenistan for 2012

Article 1

Approve the Government budget of Turkmenistan for 2012 according to the income in the amount 74908, in 4 million manats and on expenses in the amount 76398, in 4 million manats, including the budget of the first level for the income in the amount 13233, in 3 million manats and on expenses in the amount 14723, in 3 million manats.

Article 2

Establish limit of central government budget deficit of Turkmenistan for 2012 in the amount 1490, of 0 million manats.

Determine that source of covering of budget deficit is the remaining balance of budgetary funds which developed as of January 1, 2012.

Article 3

Approve the Centralized budget of Turkmenistan for 2012 according to the income in the amount 68880, by 7 million manats and on expenses in the amount 70370, 7 million manats, including the budget of the first level for the income in the amount 7205, 6 million manats and on expenses in the amount 8695, 6 million manats.

Article 4

Establish for 2012 standard rates of contributions from nation-wide taxes to city budgets of Ashgabat and welayats in the following sizes:

from tax from tax from tax

on added on profit for use

cost subsoil

city of Ashgabat of 34,0 of % of 34,3 of % of 34,0 of %

Ahal Region % 64,0% 65,7% 64,0

Balkan Region % 29,0% 30,3% 29,0

Dashoguz Region % 95,0% 95,0

Lebap Region % 72,0% 70,4% 72,0

Mary Region % 83,0% 81,9% 83,0

Article 5

Allocate in 2012 from the Centralized budget of Turkmenistan assignments to Dashoguz Region in the amount 870, with 7 million manats for ensuring balance of its budget.

Article 6

Approve local budgets in the amount 6898, by 4 million manats, including city budgets of Ashgabat and welayats in the following sizes:

city of Ashgabat 1347, 8 million manats

Ahal Region 1142, 1 million manats

Balkan Region 839, 6 million manats

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