Budget Deficit Reduced by 40,3 % in Moldova
OREANDA-NEWS. May 24, 2011. National public budget deficit in Moldova in the I quarter of 2011 has made 518,5 million leis (USD 44,3 million), having reduced by 40,3 % in comparison with the same period of 2010. As the Ministry of Finance has informed, in particular, in January-March, 2011 incomes of the national public budget have grown in comparison with the similar period of last the year by 9,7 % - to 6 billion 122 million leis (USD 523,2 million), and expenses have increased by 2,9 % - to 6 billion 640,5 million leis (USD 567,5 million).
Thus, incomes of the consolidated budget without grants and transfers have made 6 billion 074,1 million leis (99,2 % from a total sum of incomes). 88,5 % of this are tax incomes (5 billion 377,4 million leis, having increased by 17,3 % in comparison with the same period of 2010) . They have grown, in particular, due to increase by 23,6 % of incomes of internal taxes which have made 2 billion 825 million leis. Within this subgroup of tax incomes the greatest share is the receipts from the VAT - 78,4 % which have grown in the I quarter of 2011 by 21,2 % - to 2 billion 215,8 million leis.
The Ministry of Finance marks the growth of the VAT for the imported goods in January-March of this year by 36,3 % - to 1 billion 814,6 million leis as a result of increase of excises on some imported goods, lei rate increase and, accordingly, increases in cost of imported production, and also due to increase of internal demand. Expenses of welfare character (education, public health services, the social help, culture, art, sports) in January-March, 2011 have made 76,7 % from total amount.
Then go expenses in economic sphere (6 %), defense, security and public order maintenance (5,7 %), expenses for state services of general purpose (4,2 %) and on service of external state debt - 2,3 %. Deficit of the national public budget of Moldova in 2010 has made 1 billion 778 million leis, having reduced in 2,2 times in comparison with 2009.
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