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The Moldovan Parliament approved in the final reading the amendments to the Law on the State Budget for 2019, providing for a reduction in its income and expenses and an increase in the deficit.

The Moldovan Parliament approved in the final reading the amendments to the Law on the State Budget for 2019, providing for a reduction in its income and expenses and an increase in the deficit.

As Igor Munteanu, head of the parliamentary commission on economics, budget and finance, noted, a new vote was required to introduce some adjustments and editorial amendments to the previously approved law, after further analysis. At the same time, key budget parameters approved earlier did not undergo other changes, and only redistribution of some funds was made by industry, facilities, expenses of ministries, etc. In particular, the state budget revenue decreases by 1 billion 492 million lei (-3.5%) - from 42 billion 125.5 million to 40 billion 633.5 million lei, the expenditure - by 1 billion 327.4 million lei (-2 , 8%) - from 47 billion 664.2 million to 46 billion 336.8 million lei, and the deficit will grow by 164.6 million lei (+ 3%) - from 5 billion 538.7 million to 5 billion 703.3 million lei. As previously reported, the bill corrects budget indicators for income, expenses and budget deficit based on a reassessment of forecasts of the main macroeconomic indicators and trends in the execution of the state budget in the first half of this year, revision of spending programs, as well as unblocking external financing to support the budget. The reason for the revision of budget revenues was the new forecast of macroeconomic indicators, which were updated in conjunction with IMF experts, as well as the current dynamics of tax revenues and fees in the first half of 2019 // 04.09.2019 - InfoMarket.

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