Moldova to reduce the state budget deficit from 4.6% to 3.1% of GDP in 2024-2027.
This is stated in the letter of intent, which the government and the National Bank of Moldova sent to the International Monetary Fund along with the updated versions of the Memorandum on Economic and Financial Policies and the Technical Memorandum of Understanding. According to the letter, after 2024, the main objective of Moldova's fiscal policy will be to achieve development goals while ensuring fiscal sustainability. The medium-term fiscal outlook will envisage reducing the state budget deficit from 4.6% to 3.1% of GDP in 2024-2027, fixing the overall level of public debt at a level below 45% of GDP, in order to ensure sufficient protection against contingent liability risks and shocks. Special attention will be paid to reforms aimed at mobilizing revenues, improving tax administration and stimulating development spending. The Moldovan authorities said they will strive to improve the efficiency of budget expenditures, develop the domestic capital market and strengthen budget management and transparency. // 20.12.2023 – InfoMarket
