Budget Deficit of Moldova Will Decline by 16,3% in 2010
OREANDA-NEWS. December 03, 2009. As it was informed in the Ministry of Finance of Moldova, it is provided by the draft law on the state budget of the Republic for 2010, which was submitted for consideration of the government.
According to the document, in 2010 the state budget deficit of Moldova will amount to 7% of GDP predicted for the next year vs. 9% of GDP, expected in 2009.
It is planned that consolidated budget revenues in 2010, as compared with indicators expected at the end of 2009, will increase by 11,2% - up to 24.97 billion leis (US2.3 billion), and expenditures will grow by 5,9% - up to 29.45 billion leis (US 2.6 billion). It is expected that in 2010 the state budget revenues of Moldova will grow by 15,9% - up to 15 million 190.74 million leis (US 1,37 billion), the social insurance budget – by 4,5% - up to 5.7 billion leis (US 514 million), local budgets – by 3,5% - up to 2.59 billion leis (US 233 million), mandatory medical insurance budgets- by 6,1% - up to 1,45 billion leis (US 131 million).
In 2010 the state budget expenditure of Moldova will increase by 8,9% - up to 19 billion 326.9 million leis (US 1.74 billion) and will make about 36.5% of the total consolidated budget expenditure in 2010. The share of the social insurance budget will account for 28,1% of the total expenditure, mandatory medical insurance funds - 11.4%, local budgets - 24%. Moldova's state budget deficit for the next year is estimated at 4 billion 136.17 million leis (US 370 million). State budget of Moldova for 2010 was developed taking into account the forecasted GDP growth of 1,5% - up to 64,3 billion leis (US 5.8 billion) and the inflation of 5%.
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