Moldova government forecasts fit World Bank's and Imf calculations
To the end of the year, Moldova's GDP will reach 67.1 billion lei and will increase by 2.5% comparing to 2009. These are the government forecasts approved on Monday after revising its previous bet of 1.5% growth. At the beginning of June, a 2.5% of GDP growth was also forecasted by the IMF and the World Bank.
According to the government press service, Minister of Finances Veaceslav Negruta said the exports and imports will increase by 13% in comparison to the 12% and 15% respectively growth projected initially.
National Public Budget constituted 26.6 billion lei, which is 6% more than expected earlier, expenditures - 30.2 billion lei (+1.4%). According to the ministry's forecast, this will allow to reduce the budget deficit by 877.2 million lei to 3.2 billion (5.4% of the GDP).
Additional income to the budget will constitute increased collection of income taxes from entrepreneurial activity, VAT, excises and external trade taxes.
Additional expenditures will be directed toward social compensations for needy families in winter, social assistance established in accordance with the monthly minimum guaranteed income, military pensions, compensations to settlements of the eastern bank of Dniester for increased tariffs on utilities [there are 7 villages in Transnistria that are under Moldova's jurisdiction], establishment of a university center for stimulating practical skills in medical education, free passports distribution, acquisition of anti-hail missiles and maintenance of irrigation systems.
The ministry explains the optimistic forecasts with a positive dynamics of the macroeconomic indicators in the first four months as well as with the normalization of financial relations with external donors.
Infotag
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