15 billion Moldovan lei deficit
The executive from Chisinau approved, on Friday, the draft state budget for 2022, within the activity it projected revenues of 50.4 billion lei Moldovan [circa 2,5 miliarde de euro], and most of the money will come from taxes and fees, on cin terms of expenditures, the government in Chisinau estimated the amount of 65.2 billion Moldovan lei [circa 3,25 miliarde de euro].
according to the data World Bank, Republic Moldova a had a GDP of $ 11.91 billion in 2020, and spending will be somewhere at 6.5% of this gross domestic product.
QThe proposed budgetary-fiscal policy provides for an increase in excise duties on tobacco products, as well as an increase in the minimum wage for budgetary staff by 10.%.
“The budget for next year is people’s, because we will increase significant allocations for people. But it is also a development budget, because we have investments for infrastructure, development. This year, in terms of revenues, the budgetary-fiscal policy was meant to maintain stability, but also to maintain the incomes of families, in order to cope with the crises we face. All changes that are made are to ensure this predictability. In terms of spending, it continues in 2022, not to keep our word and to increase revenues, we will increase salaries, increase funds for roads, infrastructure “, said Natalia Gavrilița, Prime Minister of Moldova.
In his turn, the Minister of Finance, Dumitru Budeanschi, specified that the calculated budget is very much based on external financing.
“It is a budget that is largely based on sprijinul external partners. Own resources would not have been met, budgetary stability would not have been ensured “, to declare the.
The government also approved the draft fiscal policy for next year on Friday. Among other things, the document provides for the allocation of one hundred percent of road revenues to local budgets, which will increase local government funding, increase the amount of personal exemptions, especially doubling the exemptions for children from 4,500 to 9,000 Moldovan lei. [circa 450 de euro].
The balance of the state debt as of December 31, 2022 is estimated at 103.3 billion lei moldoveneknow, the share of government debt in GDP at the end of 2022 will not exceed 40.4%, 3.7 points more than the value specified for the end of 2021.
Picture: Minister of Finance of the Republic of Moldova, Dumitru Budeanschi. Source / Government of the Republic of Moldova