The Moldovan government approved amendments to the state budget for 2022, reducing its deficit by 2.14 billion lei (11%) to 17.25 billion lei.
In particular, the bill, approved by the Cabinet of Ministers at a meeting on Wednesday, provides for an increase in the revenue side of the budget for this year by 5 billion 269.8 million lei (+ 10%) - from 52 billion 701 million 472 thousand to 57 billion 971 million 321.6 thousand lei, an increase in the expenditure side by 3 billion 128.8 million lei (+4.3%) - from 72 billion 087 million 472 thousand to 75 billion 216 million 321.6 thousand lei, as well as a decrease in the state budget deficit by 2 billion 141 million lei (-11%) - from 19 billion 386 million to 17 billion 245 million lei (6.2% of GDP). As Minister of Finance Dumitru Budianschi noted, the new parameters of the state budget for 2022 were agreed with the IMF Mission in July 2022. According to him, the current amendments to the state budget-2022 are due to the circumstances in which the national economy operates and the impact on the budget of many simultaneous crises. In particular, the energy crisis, rampant inflation, the war in Ukraine and the difficult external environment are many factors that slow down the development of the national economy. As Dumitru Budianschi emphasized, the main factors that led to the introduction of amendments to the state budget-22 are: the impact of the situation in the region, the energy crisis, rising prices for basic products, and, as a result, the revision of macroeconomic indicators for 2022. Adjustment of budget revenue indicators, expenditures and the state budget deficit for this year is carried out taking into account the new forecast of macroeconomic indicators, updated and presented by the Ministry of Economy in August, as well as taking into account the progress of the state budget for 6 months. In addition, from September 1 this year it is planned to take a number of measures to support both the population and economic agents, to allocate financial resources for monthly compensation for consumed gas, heat and electricity from the Energy Vulnerability Reduction Fund. In addition, as part of the revision of the state budget, the amounts of grants and loans to support the budget and projects financed from external assistance will be adjusted, the amounts of donations from individuals and legal entities and development partners for humanitarian assistance to Ukrainian refugees in Moldova will be updated, and the government’s fixed-term funds will be replenished for managing the energy crisis and the Ukrainian refugee crisis. // 24.08.2022 — InfoMarket.
