Events and Comments
Moldova to introduce new fiscal and tax policy rules and adjust the budget calendar
02.04.2026
The Ministry of Finance has proposed corresponding amendments to the Law on Public Finance and Fiscal Responsibility. According to the draft, the projected budget deficit level, as set forth in fiscal policy, must not exceed the reference level of 3% of GDP (currently 2.5%). A reference level for the public debt-to-GDP ratio—60%—is also being introduced. Corrective measures are provided for: if the debt is within the 50–60% of GDP range, the budget deficit must not exceed 2% of GDP, and if the 60% threshold is exceeded, it must not exceed 1% of GDP. According to the draft, the deficit level...
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