OREANDA-NEWS.  October 05, 2012. The draft law of the state budget was drawn up on the basis of the 5% GDP growth projection for 2013 and the 5% inflation rate, Minister of Finance Veaceslav Negruta says. In monetary terms, GDP is expected to reach 99.4 bln. leis (USD 8.2 bln.).

The average annual exchange rate of MDL against USD is projected to be 12.1. Export and import are expected to increase 13% and 10% respectively, with the average nominal wage growing 11.3% to 3950 leis (USD 326.4) in 2013 as compared with 2012.

The revenues of the state budget are expected to be 22 bln. 736 mln. 643.5 thou. leis or USD 1.88 bln. and to exceed the target of 2012 by 8.1%. The expenditures will be 23 bln. 611 mln. 476.2 thou. leis, or USD 1,95 bln., 6.5% up. The deficit of the state budget will decrease 31.2 mln. leis to 874.8 mln. leis, being 1.14% of the GDP target for 2013.

A share of the state budget revenues is to be 22.9% of GDP, 0.5 p.p. down as compared with the target of 2012. In the structure of the revenues projected fiscal receipts are planned to make 79.8% or close to 18.1 bln. leis, 9.4% up as compared with 2012. Non-fiscal receipts are planned to amount to 713.7 mln. leis or 3.1% of the total sum, 17.6% down as compared with 2012. Receipts of special funds and special means, grants excluded, are budgeted at 324.1 mln. and 660.3 mln. leis respectively.

Receipts from grants, supporting the budget, externally-financed projects, and external grants for public institutions are budgeted at 2 bln. 623.9 mln. leis or \\$216,85 mln. in equivalent. This is 22.8% more than the target for 2012. Their share will make 11.5% in the total sum of the revenues of the state budget and 2.6% in GDP. To implement externally-backed projects it was budgeted 2 bln. 454 mln. leis, 610.4 mln. or 33.1% more than in 2012. 56.8% of the total expenditures on projects will be financed form external grants and 43.2% from external loans. In 2013 35 projects are intended to be implemented from external sources.

In the structure of the expenditures of the state budget current expenditures for 2013 will decline to 78.2% against 80.2%, expected at the end of 2012. At the same time, capital expenditures will grow from 20.2% in 2012 to 22.1% in 2013. In the structure of the expenditures of the state budget the main backed areas will be insurance and social protection (17.2% of the total sum), health care (12.5%), transport and road maintenance (9%), education (8.1%), low and order keeping and national defence (7,9%), agriculture, forestry and fishery (6.4%), state services of common purpose (5.2%). In line with the document, the balance of the state debt of Moldova will be 21.6 bln. leis on December, 31, 2013, 1.1 bln. leis or 5.4% up as compared with the target expected at the end of December, 2012.

A share of the state debt in GDP will make up 21.7% as of the end of 2013, 1 p.p. down than the target of 2012. By the end of 2013 the external state debt of Moldova is estimated to be close to \\$1 bln. 251,4 mln. or 15 bln. 154,7 mln. leis in equivalent; \\$62,1 mln. or 882,6 mln. leis up as compared with the target of 2012 and making 15.3% of GDP against 15.8% at the end of 2012.

The balance of the internal state debt is expected to make close to 6395.7 mln. leis, increasing 186.9 mln. leis as compared with 2012 and making 6.4% in GDP against 6.9% in 2012. Revenues of the national public budget are projected to amount to 37 bln. leis in 2013, 7.7% up as compared with the target of 2012. In their structure the revenues of the state budget will be 60.7%, incomes of administrative-territorial budget will make 12.6%, being 21.5% and 5.2% for budgets of social and healthcare insurance.

Expenditures of the national public budget are projected to amount to 38.1 bln. leis in 2013, 2.6 bln. leis or 7.3% up as compared with the target of 2012. The deficit of the national public budget of Moldova is expected to make up 1 bln. 136 mln. leis or 1.14% of GDP against 1.32% expected in 2012.

The total sum of the consolidated budget of 36 bln. 987.4 mln. leis will include fiscal incomes of 20 bln. 179 mln. leis, or 54.6% and customs ones of 706.8 mln. leis or 39.8%. In the structure of the expenditures of the national public budget almost 67,4% will fall to the social protection, 14.3% to the economy, 5.7% to the law and order maintenance and 4.6 % to the public services of common purpose.