Moldovan Official Journal's roundup for 26 July

Chisinau, 25 July /MOLDPRES/ - The law on state budget for 2016 will be published in the 26 July issue of the Official Journal (Monitorul Oficial).  

The document sees revenues worth 31.37 billion lei and spending amounting to 35.56 billion lei, with a deficit of 4.18 billion lei. The state budget for this year was built on a slight economic growth of 1.5 per cent, a 10.5 –per cent inflation rate and an exchange rate of 21.1 lei for one U.S. dollar. In 2016, the average monthly salary of a national economy wage earner is scheduled to reach 5,050 lei, - up by 9.5 per cent in nominal values against 2015.  

The state budget revenues are expected to increase by 11.1 per cent against the budget filled in 2015. “The increase of the state budget revenues, in fact, is explained by the significant increase of budget support grants in the structure of budget revenues, - entries that were not made in 2015,” the Finance Ministry said.  The state budget expenditures will grow by 17.1 per cent against the year before. The budget deficit will be covered preponderantly from external sources (3.7 billion lei).  

Under the draft state budget law, the agricultural producers’ subsidization fund will amount 900 million lei, of which 387 million lei belongs to the European Neighbourhood Programme for Agriculture and Rural Development (ENPARD). The budget provides for means inclusively for a ten-per cent increase in salaries for teachers starting from 1 September 2016, gradual rise in judges’ salaries, as well as other adjustings.    

According to the draft budget, the domestic state debt will not exceed 21 billion lei. The Finance Ministry said the draft budget for 2016 “is based on the signing of a cooperation programme with IMF, which is of major importance for ensuring the budget’s sustainability, both for short and medium terms. The lack of such a programme might jeopardize the getting of the foreign budgetary support, the sum of which is of 4,679.5 million lei,” of which 2.59 million lei represents non-refundable financing.  

At the same time, the ministry specified that, if the public authorities failed to fulfill the measures of policies provided for in the matrix of each foreign support budgetary programme, the concerned support would be cut.  

Also tomorrow, the state social insurances budget for this year will be published in the Official Journal. This budget sees revenues worth 14,945,684.3 thousand lei, up by 11.3 per cent against the budget filled in 2015, and spending amounting to 14, 976, 094, 8 thousand lei.  

(Reporter A. Plitoc, editor M. Jantovan)