The Parliament of the Republic of Moldova adopted in the first reading the draft Law on the Social Insurance State Budget for 2018 with incomes and expenditures worth 19 billion 312.5 million lei
As expected, the total income and expenditure of the social insurance budget will increase by 1 billion 798.8 million lei (+ 10.3%), compared with revenues and expenditures approved for 2017. Their share in GDP will increase from 11.8% to 12.1%. In the structure of income, the state social insurance funds will account for 65%, and transfers from the state budget - 35%. The amount of the contribution for the state social insurance will be kept at the level of 29% (23% is paid by the employer, 6% by the employee). Also, the contribution rate for the state social insurance will not change, remaining ...