
+PLUS budget adopted by Moldovan parliament
Additional financial resources will be allocated in the state budget for 2025 for investments, energy resilience and economic growth. A bill to this effect was voted today by Parliament in the second reading.
The head of the Parliamentary Committee on Economy, Budget, and Finance, Radu Marian, said that this is the largest economic development and investment package in recent decades, allocated in a revision.
“It is about strategic investments that can bring us to an economic growth of over 5% annually until 2028. The amendments to the state budget for 2025 were proposed by the Ministry of Finance and include financial resources provided by the EU to support the population and businesses affected by the increase in energy resource tariffs, as well as the advance and first installment from the EU financial support package for the Economic Growth Plan for the Republic of Moldova,” said Radu Marian.
According to the document, state budget revenues have increased by 3.73 billion lei, exceeding the amount of 75.28 billion lei.
“The 5.2% increase compared to the approved value is entirely due to the external grants received by our country and the unprecedented support from the European Union. Simultaneously, it was proposed to increase expenditures by 7.74 billion lei, which ies 9.1%. As a result, the total value exceeds 93.19 billion lei. Financial means are allocated for implementing energy resilience measures and for implementing reforms within the Economic Growth Plan for the Republic of Moldova,” said Radu Marian.
Thus, for energy resilience measures, 3.66 billion lei have been allocated. The Energy Vulnerability Reduction Fund has been supplemented by 2.11 billion lei for providing monetary compensations for heating offered in the cold season and electricity bill compensation for all households. As a result, all household consumers will receive compensation on their electricity bill for the first 110kWh. 290 million lei are intended to compensate the electricity expenses of economic agents and agricultural producers, while 193 million lei are for implementing energy efficiency projects from the National Regional and Local Development Fund.
An additional 3.8 billion lei are allocated for measures in the Economic Reform Program within the Economic Growth Plan for the Republic of Moldova. Thus, 1 billion lei has reached the Road Fund for repairing about 200 kilometers of regional and district roads. Another 1 billion lei was allocated to the National Fund for Regional and Local Development, of which 600 million lei for repairing local roads in about 100 localities. The authors also proposed an additional allocation of 200 million lei to the National Agriculture and Rural Environment Development Fund and another 200 million lei for supporting small and medium-sized enterprises. 100 million lei will reach the National Environmental Fund.
There is also an allocation of 60 million lei for supporting young specialists. Thus, employees in strategic domains will receive, in their first year of work, a salary bonus of 3,000 lei. This concerns young employees in sectors such as automotive, electronics, textiles, pharmaceutical/chemical industry, food processing, and construction materials.
It has also been proposed to allocate 200 million lei for renovation and equipping of the food blocks within educational institutions. This comes after, at the beginning of this year, financial means were allocated for free meals, starting in September, for students in grades V-IX.
The proposed changes to the state budget revenues and expenditures for the year 2025 resulted in an increase in the budget deficit by 4.01 billion lei, representing 5.1% of GDP.
Additionally, during today’s plenary session, the second reading of the draft amendment of the Social Insurance Budget Law for 2025 was voted. Thus, the amount of expenditures increased to 47.96 billion lei, equivalent to the revenues. The revision is necessary in the context of granting monetary compensations for heating during the cold season and compensations for electricity.
According to the authorities, the allocation of resources was made possible by support from the European Union and public service employees who collaborated with European partners to speed up the transfer of the first installment from the Growth Plan for Moldova and the preparation of the budget's implementation.
VIDEO // Setting of electric cables starts on Vulcanesti–Chisinau power line
Deputy PM says Moldova actively contributes to Ukraine's recovery through concrete projects, modern infrastructure
Moldovan Reintegration Policies Bureau says EU stays main foreign economic partner for companies from Transnistrian region
Natural gas consumption drops by 40 per cent in Moldova in last June
Chisinau International Airport among most efficient in Europe in terms of passenger traffic's growth
Spokesman for government says EU Growth Plan's funds for Moldova boost economy
As many as 100,000 smart electricity meters to be set in Moldovan households by end of 2027
Moldovan economic development minister comments on U.S. notifications on customs duties
Moldova to launch new auctions for construction of renewable energy plants
Over 1,400 children of Moldova participate in European Excursion educational programme, second edition
Nicolae Testemitanu Medical University of Moldova starts admission for bachelor, integrated, master's studies for native citizens
Moldovan MP says parliament voted laws to stabilize economy against external shocks
Moldova, Sweden to strengthen bilateral cooperation
Moldovan parliament speaker attends opening of Alexandru Mosanu lecture room at State University of Moldova
Politicians of Moldova's Dignity and Truth Platform join team of Action and Solidarity Party for parliamentary elections
Romania reaffirms support for Moldova on all fronts
Moldovan president tells Austrian daily: if Russia takes power in Moldova, country to become base for hybrid warfare against EU
United Nations Children's Fund donates 140 laptops to strengthen primary healthcare in Moldova
INTERVIEW MOLDPRES // Moldovan parliament speaker says mandate full of challenges; leadership had to deliver more than promised
Italy third most important trading partner of Moldova in EU
Moldova first Eastern Partnership country to approve national smart specialization programme
Judicial experts from Moldova, Ukraine, Romania assemble in Chisinau to discuss strengthening judicial independence, accountability in current regional context
Documentary film on deportations from Moldova to be screened on parliament's square
Moldovan president to pay working visit to United Kingdom; Moldovans settled in UK invited to discussions
Application promoting sustainable tourism launched in Moldova