Parliament of Moldova Adopted Amendments to Law on State Budget
OREANDA-NEWS. July 04, 2008. According to amendments, revenues are increased by 340,6 million leis (\\$ 34,2 million) - up to 14 billion 998,6 million leis and expenditure – by 216,6 million leis (\\$ 21,8 million) - up to 15 billion 98,3 million leis.
State budget deficit reduced by 124 million leis (\\$ 12,5 million), or 2,25 times - up to 99,7 million leis (\\$ 10 million).
During the second reading of the bill, MPs have made a decision on redistribution of the part of expenditures for capital investments. As the Minister of Finance Mariana Durlesteanu noted before, amendments to the budget-2008 should account dynamics of incomes and forecasts on their accumulation rate.
According to MF, in January-May, income part of the state budget will be exceeded by 9,1%. At the same time, according to the forecasts, annual revenue plan will be surpassed by 2,3% - 340,6 million leis (\\$ 34,2 million).
The revenues will include: income tax on business activity – 66,9 million leis, VAT on imported goods, tax on the foreign trade – 260,2 million leis, as well as certain kinds of excises (vodka, wine, costume jewellery, cars) - 159 million leis.
In order to minimize the inflationary impact, additional investment programs will be implemented. It is planned to increase capital investments in construction by 92,3 million leis. 15 million leis will be allocated for assisting young families in purchasing or construction of housing.
Additional 10 million leis will be allocated to special secondary and higher educational institutions.
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