OREANDA-NEWS. July 01, 2011. The Moldovan Ministry of Finance has submitted the draft Medium-Term Expenditure Projection for 2012-2014 for government’s examination and approval. For the central authorities, this document will be the basis for elaboration of the draft 2012 state budget and for the local authorities - for planning budgets of the political subdivisions. According to the Medium-term Expenditure Projection for 2012-2014, the growth of Moldova’s GDP from 2011 through 2013 will amount to 5%, and in 2014- 4.5%.

In the nominal terms, the GDP is expected to grow from 82.1 billion leis in 2011 to 91.6 billion leis in 2012, 101 billion leis in 2013 and 110.8 billion leis in 2014. The inflation rate will be gradually reducing from 8% in 2011 to 5.7% in 2012 and 5% - in 2013 and 2014. The MDL exchange rate is projected on the level of 12 leis for a USD in 2011 and 12.1 leis – in the next three years.

Export is expected to grow in 2012-2014 by 12% (USD 2.1 billion, USD 2.35 billion, USD 2.62 billion), import – by 11% in 2012 (USD 5.15 billion) and 10% in 2013 (USD 5.65 billion) and 2014 (USD 6.2 billion). It is planned that the industrial output in 2012 and 2013 will grow 7 percent (35.3 billion and 40 billion leis), in 2014 – 6.5 percent (44.3 billion leis).

The growth of agricultural production is to be 3.5%, 3% and 2.5%, respectively, to 23.4 billion leis, 24.8 billion leis, 25.9 billion leis. Investments into the fixed capital will increase by 9%, 9% and 8%, respectively (18.2 billion, 20.6 billion and 22..7 billion leis).