Infomarket

Publications of the part

In Moldova, it is planned to close ineffective state programs, redirecting funds to new sectoral priorities.

In Moldova, it is planned to close ineffective state programs, redirecting funds to new sectoral priorities.

Such a measure is provided for in the "Public Finance" section of the draft Government Action Plan for 2021-2023. According to the project, the priorities in the short term for the government are cooperation with external donors: the fulfillment of all the necessary conditions for receiving macrofinancial assistance from the European Union and the resumption of dialogue with the IMF to sign a new country program. It is planned to make a number of amendments to the state budget for 2021 to ensure financing of support costs during the pandemic and the distribution of capital investments, as well as to approve the budget for 2022 by the end of November. Next year, a schedule is outlined for approving the Medium-Term Budgetary Framework for 2023-2025 and budget documents for 2023. The Ministry of Finance proposes to continue developing the public procurement system through an electronic platform, to increase measures of internal state financial control, and to approve a new Strategy for the development of public finance management. The development and implementation of new information automated systems is planned, the digitalization of customs and tax services will continue. The government plans to rationalize expenditures: it is proposed to close ineffective programs and redirect funds to priority areas; review the role of the project implementation units. Higher transparency of budget expenditures will be ensured. It is planned to revise the policy on public debt management, and by the end of next year it is planned to approve the program “Public debt management in the medium term”. The Ministry of Finance also offers a list of measures aimed at improving tax and customs administration, reducing the risks of corruption in the Customs Service and the State Tax Service, and introducing electronic tax and customs services. Project consultations are held until September 9th. In addition, the Ministry of Finance will organize an online meeting with all stakeholders on September 9 to discuss the project: https://particip.gov.md/ro/document/stages/proiectul-planului-de-actiuni-al-guvernului-pentru-anii-2021-2022-domeniul-finante-publice/8420. // 07.09.2021 — InfoMarket

News on the subject

Banks of Moldova continue to maintain high liquidity indicators – the NBM stated.
Banks of Moldova continue to maintain high liquidity indicators – the NBM stated.
The minimum old-age pension in Moldova from October 1 will be 2 thousand lei, the beneficiaries of this increase will be about 308 thousand pensioners.
The minimum old-age pension in Moldova from October 1 will be 2 thousand lei, the beneficiaries of this increase will be about 308 thousand pensioners.
The National Bank of Moldova (NBM) raised the base refinancing rate by another 1 percentage point - from 3.65% to 4.65% per annum.
The National Bank of Moldova (NBM) raised the base refinancing rate by another 1 percentage point - from 3.65% to 4.65% per annum.
The Moldovan government has fulfilled one more condition of the Memorandum of Agreement with the European Union to receive the second tranche of macro-financial assistance in the amount of 50 million euros.
The Moldovan government has fulfilled one more condition of the Memorandum of Agreement with the European Union to receive the second tranche of macro-financial assistance in the amount of 50 million euros.
Moldovan authorities start consultations on policies and reform measures to be included in the Government's Action Plan for 2021-2022.
Moldovan authorities start consultations on policies and reform measures to be included in the Government's Action Plan for 2021-2022.
A consortium of French companies is implementing a project to modernize the Chisinau-Ungheni railway line, new French companies are planning investments in tourism and distribution in Moldova, and the Proparco division will provide a loan for micro-credit to small and medium-sized enterprises.
A consortium of French companies is implementing a project to modernize the Chisinau-Ungheni railway line, new French companies are planning investments in tourism and distribution in Moldova, and the Proparco division will provide a loan for micro-credit to small and medium-sized enterprises.