OREANDA-NEWS. November 29, 2011. The deficit is planned to be covered from securities sales revenue (150 mln. leis), public property privatization (260 mln. leis), loans and external financial assistance of the European Commission, the World Bank, the European Investment Bank and the European Bank for reconstruction and Development.

The 2012 state budget revenue is expected to make 21 bln. 367,3 mln. leis, 12% up against the indicators budgeted for 2011. At the same time, the 2012 state budget expenditures are predicted to be 22 bln. 164,3 mln. leis, 8,9% up. In the total volume of the 2012 budget revenue, the revenues administrated by the state fiscal service are predicted to make 5 bln. 787,4 mln. leis, or 27,1%. They will surpass the indicators approved for 2011 by 540,3 mln. leis (10,3%).

The revenues administrated by the customs service are expected to reach 13 bln. 361,5 mln. leis (62,5% of total revenue), which will surpass the indicators approved for 2011 by 1 bln. 874,8 mln. leis (16,3%). The biggest share of the state budget revenue in the next year (78,1% or16 bln. 686,7 mln. leis) is predicted to fall to tax levies.

They will increase 1 bln. 848,9 mln. leis (12,5%) as compared with 2011. Non fiscal revenues are predicted at 830,7 mln. leis level, 78,4 mln. leis (10,4%) up as compared with 2011. The main 2012 revenue sources are supposed to be the following incomes: VAT on imports (45,4% of the total volume); VAT for domestic goods and services (16%); grants for externally financed projects (6,5%).

The main expenditure lines in the 2012 state budget will be social insurance (17,8% of the total volume of expenditures); healthcare (12,3%) and education (10,3%). Veaceslav Negruta has pointed out that the 2012 budget draft law was drawn up taking into account the predicted growth in GDP by 4% to 93,1 bln. leis; the inflation growth by 6,5%, exports increase by 10% and imports increase by 9%.