OREANDA-NEWS. May 03, 2011. The Head of the IMF Assessment Mission paying a visit to Chisinau said it at the meeting with editors-in-chief of economic mass media. The issues Moldova is solving today in terms of budget optimization, were passed by the Central and Eastern European countries 10 years ago; while Moldova needs to do that for few years.

In 2007-2008, the share of the Moldovan budget non-interest expenditure made up 33.4%-33.3% of the GDP, in 2009 – 38.9%, in 2010 – 35.4% of the GDP. Nikolay Gueorguiev said the budget expenditure was maintained at the expense of the foreign aid in 2009.

If to return the budget non-interest expenditure to the level of the year of 2007, the budget will be sustainable; at the same time, foreign aid will continue but will be used not for consumption, but for development to ensure further investment, to increase private entrepreneurship growth rates. Speaking of the fact that a part of foreign aid was used in 2009-2010 for consumption, Nikolay Gueorguiev said cut of pensions and wages in the public sector was another alternative to execute the budget, which was unacceptable.

It was also noted that the real wage level in the country has increased thrice for 10 years (since 2011), in the public sector – 3.5 times, while the GDP growth (including at the expense of money transfers from labor migrants) – only 1.7 times. Thus, wages in real terms increased much more than the production level in the country. The budget needs the change of the trend, as in 2001-2009 it wasn’t sound. As a result of the started reforms, salaries in the public sector will grow but will not result in the budget inflating, says Nikolay Gueorguiev.