The draft Law on the State Budget of Moldova for 2025 was approved by the government with a deficit of 13.89 billion lei (4% of GDP)
In particular, state budget revenues in 2025 are expected to amount to 71 billion 553.9 million lei, an increase of 6.8% compared to the revised figures for 2024. Revenues will amount to 20.1% of GDP. The increase in revenues next year will be supported by the economic recovery, as well as the impact of fiscal and customs policy measures. The revenue forecast is largely based on an increase in tax and fee revenues, which will provide about 93% of all state budget revenues, with an expected increase of 8.7%. Grants will account for 1.7% of the state budget revenues: the amount of grants, however, will decrease by almost 52% - to 1.2 billion lei, which includes grants to support the budget in the amount of 317.8 million lei and grants for financing projects from external resources - 918.3 million lei. Another 3.8 billion lei are other revenues (dividends from equity participation in state capital of companies, deductions of net profit of state enterprises, land lease, etc.). At the same time, 28.4 million lei in the state budget revenues for 2025 will be transfers within the national public budget for the implementation of projects financed from external resources (FISM, IFAD VIII, Construction of social housing II). The state budget expenditures for 2025 will amount to 85 billion 447.9 million lei, which is 4.1% more than the adjusted amount for 2024. Excluding the expenditures on projects financed from external sources, the state budget expenditures will amount to 81 billion 528.9 million lei, which is 3.9% more than the adjusted budget for 2024, and 3 billion 919 million lei will be allocated for financing projects from external resources, which is 6.7% more than the adjusted amount for 2024. The state budget expenditures for 2025 are determined by the objectives of the medium-term budget policy and contain priorities by sector. About 94.1% of the state budget expenditures are planned to be covered from general resources, and 5.9% - from revenues from the provision of paid services, grants, loans, donations, etc. In total, 78 projects with external financing are expected to be implemented next year. They are aimed at developing road infrastructure, supporting higher education, waste management, modernizing agricultural machinery and equipment, developing competitive agriculture, etc. Next year, the authorities plan to allocate about 20.7 billion lei for social protection, 19.5 billion lei for education, 9.2 billion lei for healthcare, 9.1 billion lei for economic services, 7.9 billion lei for public order and national security, 1.7 billion lei for national defense, etc. The state budget deficit for next year, according to the draft, will amount to 13.89 billion lei (4% of GDP). It is planned to cover it from internal resources, for example, income from the sale of state property (200 million lei), the sale of assets of banks undergoing liquidation (200 million lei), the issue of securities on the primary market (8.5 million lei), etc., as well as from external sources, including external loans to support the budget and the implementation of external financing projects (9.5 million lei).// 04.12.2024 — InfoMarket
