Accounts Chamber Revealed Infringements in Moldova Budget
OREANDA-NEWS. July 03, 2014. According to the press service of the department, the government presented a report, according to which the revenues of the state budget amounted to 22,43 billion lei, or 2.3 billion lei more than in 2012.
The costs amounted to 23.9 billion lei, increasing by 2.2 billion lei from 2012. The budget deficit amounted to 1 billion 464,5 million lei, decreasing by 521,3 million lei compared with planned indicators. In 2013 fiscal year, the level of performance of incomes made up 99.5%, expenses-97.4%, and the budget deficit-73,7%, accordingly.
As a result of budget execution, the balance of funds in the fiscal accounts on all components at the end of the year amounted to 1 billion 619,9 million lei, decreasing by 129,9 million lei compared with the beginning of 2013. At the same time, the budget deficit in 2013 amounted to 1.5% of GDP, decreasing by 0.3 percentage points compared to 2012. Within the framework of the audit, the audit chamber revealed a number of violations committed in the budget’s execution. In particular, in the course of budget execution in 2013 have not been fulfilled income on 26 types of revenues at the amount of about 361,2 million lei, and 61 type of revenue plan was exceeded by 253,2 million lei.
As it is noted in the audit report, from year to year, the most significant deviations between actual revenues and incomes were registered on the same types of income (VAT, excise tax on tobacco products, income tax from entrepreneurial activity, grants, etc). In addition, state budget revenues increased by 17.5 million lei due to inaccurate reflection of funds paid by Investprivatbank which is in the process of liquidation, to settle the debt to the Ministry of Finance that influenced the reduction of the deficit in the same size.
Accounts Chamber also revealed that the tax and customs service has not taken effective measures to improve the situation in terms of reduction of debts of economic agents to the state budget, this amount as of late 2013 amounted to 1 billion 432,6 million lei, or 239,5 million lei more than in 2012. During the audit, the violations amounting to about 44 million lei were exposed. Central and administrative bodies, including specialized ones, not fully used the limits of budget allocations, allowed emergence of receivables in the amount of 239,8 million lei and payables - 83,5 million leis, respectively.
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