OREANDA-NEWS. March 29, 2011. The ruling alliance’s deputies approved the main parameters of the 2011 state budget, which cannot be altered in the third reading. The third reading will only have to deal with redistribution of different budget items’ expenses. It is planned that the main financial document of the country for this year will be passed in the final third reading on March 31.

The Finance Minister Veaceslav Negruta said the draft Law on 2011 state budget had been elaborated taking into account the projected growth of the GDP by 4.5%, inflation – 7.5%, export – 14%, import – 13.5%. The average annual exchange rate of the local currency is projected to be 12.4 MDL for 1 USD. The state budget revenue in 2011 is planned to total 19 billion 87.2 million leis, expenses – 20 billion 354.1 million leis, with the deficit of 1 billion 266.9 million leis (in 2010 – 1 billion 621.9 million leis).

The state budget revenue is expected to grow in 2011 by 11.2% in comparison with 2010, while expenses – by 8.3%. Moldova’s 2011 consolidated budget revenue is supposed to total 31 billion 016.1 million leis, up 12.6% from 2010. The consolidated budget expenses are planned to total 32 billion 611.9 million leis, 11.3% higher than in 2010. The consolidated budget deficit in 2011 will amount to 1 billion 595.8 million leis (1.9% of the GDP.

The Moldovan budget deficit will be covered by funds from sale of public securities, aid from foreign donors and incomes from privatization. According to the Ministry of Finance’s data, the share of the consolidated budget revenue against the GDP will go down to 37.8% in 2011 from 38.3% in 2010. The national public budget expenses in the GDP structure will reduce from 45.6% in 2009 and 40.8% in 2010 to 39.7% in 2011.

The state budget expenses are expected to grow 8.3%, expenses of the state social insurance budget – 8.2%, of the obligatory medical insurance funds – 9.1%, budgets of the administrative-territorial units – 7.8%. Social and cultural costs will make up 70.8% of the total volume of the consolidated budget expenditure in 2011, expenses in the economic area – 12.1%, for defense and security – 5.5%, state services of general destination – 4.5%.