Moldovan PM says budget for 2023 compiled according to needs caused by multiple crises

Chisinau, 7 December /MOLDPRES/ - Moldova’s state budget for 2023 has been formulated taking into account the overlapped crises and the increases in prices recorded in the last period, borne by the Moldovan citizens. Prime Minister Natalia Gavrilita made statements to this effect at a news conference held following the today’s cabinet meeting.  

The draft budget for the next year provides for revenues worth 64.9 billion lei, expenses amounting to 83.2 billion lei (six per cent of the Gross Domestic Product (GDP)) and a deficit of 18.3 billion lei. The average rate of the inflation forecast is 15.7 per cent. The government forecasts an increase in the GDP by 2 per cent and the foreign debt’s share in the GDP is of 39.4 per cent.  

„Through the budgetary policy we have set for 2023, we want to fairly support the low-income employees, the local authorities and companies, in order to cope with multiple crises, preserving the incomes and jobs,’’ Natalia Gavrilita said.    

The principal measures in the budgetary fiscal policy for 2023 are targeted on four goals: creating friendly conditions for doing business, including the enhancement of the business’ access to liquidities; strengthening the budgetary revenues needed for financing the public expenses, including for covering the spending necessary for the residents’ protection, development of business and infrastructure; consolidation of the incomes for the local public authorities; improvement of the framework of regulation of the process of compliance, reporting and payment of taxes through the simplification, clarification and changing of the current norms.