Moldovan Parliament adopted in the second reading amendments to the Law on State Budget for 2022, reducing its deficit by 11% - to 17.25 billion lei.
In particular, the bill, approved by the MPs at an extraordinary session, increases the revenue part of the 2022 budget by 5 billion 269.8 million lei (+10%) - from 52 billion 701 million 472 thousand to 57 billion 971 million 321.6 thousand lei, the expenditure part 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, and also provides for the reduction of 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). The state budget deficit must be covered from both internal and external sources. As noted earlier by Minister of Finance Dumitru Budianschi, the introduction of the current amendments to the Law on the State Budget for 2022 was necessary to take urgent legislative measures to support the population, state institutions and economic agents in a number of crises, generated by the war in Ukraine. Also, the budget parameters are aligned with the revised estimates of the main macroeconomic indicators for the current year. New parameters of the state budget for 2022 were agreed with the IMF Mission. The state budget revenues for the current year are increasing mainly due to the growth of taxes and fees, as well as grants. The biggest increase in expenditures is in the area of social protection. During the second reading, the government proposed an amendment which provides for an increase in the authorized capital of Energocom by 322 million lei, due to a change in the balance of state budget accounts. // 08.09.2022 - InfoMarket
