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LAW OF TURKMENISTAN

of November 21, 2015

About the Government budget of Turkmenistan for 2016

Article 1

Approve the Government budget of Turkmenistan for 2016 according to the income in the amount 102478, in 5 million manats and on expenses in the amount 104878, in 5 million manats, including the budget of the first level for the income in the amount 18205, in 5 million manats and on expenses in the amount 20605, in 5 million manats.

Article 2

Establish limit of central government budget deficit of Turkmenistan for 2016 in the amount 2400, 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, 2016.

Article 3

Approve the Centralized budget of Turkmenistan for 2016 according to the income in the amount 94184, by 9 million manats and on expenses in the amount 96584, 9 million manats, including the budget of the first level for the income in the amount 9911, 8 million manats and on expenses in the amount 12311, 8 million manats.

Article 4

Establish for 2016 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

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