LAW OF TURKMENISTAN

of December 6, 2005 No. 26-III

About the Government budget of Turkmenistan for 2006

Article 1

Approve the Government budget of Turkmenistan for 2006 according to the income and expenses in the amount 81300, in 5 billion manats, including according to the income and expenses of the budget of the first level in the amount 19818, in 4 billion manats.

Article 2

Charge to the Central bank of Turkmenistan to allocate non-interest loans on the current financing of expenses of the Government budget of Turkmenistan for 2006 in amount to 5% of account part of the budget of the first level.

Article 3

Approve the Centralized budget of Turkmenistan for 2006 according to the income and expenses in the amount 74907, by one billion manats, including according to the income and expenses of the budget of the first level in the amount 13425, 6 billion manats.

Article 4

Establish for 2006 standard rates of contributions from nation-wide taxes to budgets of welayats in the following sizes:

from tax on from tax on from tax for profit the value added use of subsoil

Ahal Region 38% of 39% of 38%

Balkan Region 2% of 2% of 2%

Dashoguz Region 95% of 95% of 95%

Lebap Region 95% of 95% of 95%

Mary Region 93% of 93% of 93%

Article 5

Provide in 2006 assignments to welayats in the amount 1468, of 0 billion manats for ensuring balance of their budgets, including:

Dashoguz Region 848, 0 billion manats

Lebap Region 620, 0 billion manats

Article 6

Approve budgets of welayats and Ashgabat in the following sizes:

Ashgabat 1197, 2 billion manats

Ahal Region 1039, 3 billion manats

Balkan Region 798, 4 billion manats

Dashoguz Region 1423, 1 billion manats

Lebap Region 1759, 3 billion manats

Mary Region 1643, 5 billion manats

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