OREANDA-NEWS. The government of Moldova approved the drafts on state budget and state social insurances budget for 2016 at a today’s meeting.

Under the document, the national public budget revenues, estimated for 2016, amount to 48,512.4 million lei, respectively by 11 per cent more against the budget filled in 2015, with a 36.3 per cent share in the Gross Domestic Product (GDP) (by 0.5 percentage points more than in 2015).  

The state budget revenues will account for 64.7 per cent and will stand at 31,378.9 million lei. These revenues will increase by 3,340.6 million lei or by 11.9 per cent.

Also, the state budget revenues will be provided from external grants, with a share of 7.8 per cent (3,800.8 million lei). European grants will account for 94.3 per cent of the grants meant for budgetary support.

As for the state budget expenses, they are estimated at 52,784.4 million lei, up by 6,321.3 million lei against 2015. They will be earmarked to ensure implementation of the priorities of policies from the government’s activity programme and the documents of national and sectoral policies.  

As compared to 2015, all components of the national public budget from 2016 will be on the rise, respectively, the state budget spending will increase by 17.1 per cent, the expenses of the mandatory health insurances accounts – by 13.3 per cent the spending for the state social insurances budget – by 11.2 per cent and the expenditures of the local budgets will grow by 2.7 per cent.  

An important share of all the public spending will be distributed for the social protection and will account for 32.9 per cent or 13 per cent of the GDP, 17.5 per cent – for education and 12.8 per cent - for health.

The deficit of the national public budget for 2016 was scheduled to stand at 4,272 million lei or 3.2 per cent of the GDP. The deficit will be covered from internal and external sources, including through issuances and redeemings of state securities, turning to good account of loans for financing projects from external sources and for backing the budget, sale and privatization of public property assets, as well as from means of balances to the accounts of the component budgets of the national public budget.   

Also at the today’s meeting, the government approved a draft law on the state social insurances budget and the budget of mandatory health insurances accounts.