Moldova has the lowest public debt-to-GDP ratio in the region, it is only important to use the received loans responsibly - Dorin Recean
Moldovan Prime Minister stated this while speaking at the plenary session of the Parliament during the presentation of the Budget +PLUS and answering the MPs' questions. He said that in developed countries, the public debt indicator in relation to the GDP can be 100 per cent and it is a problem there. “The problem is when these funds are not spent properly, and we direct these funds to investments in the future. The problem is not the growth of debt, it is only important to invest these funds in the economy, in the development of infrastructure, building roads. Just like a family, it is important that the money borrowed goes to improve living conditions now. It is important to spend the money responsibly as well as invest it responsibly where necessary,” emphasized the head of the Cabinet. He also noted that according to the forecasts, starting from the third quarter of this year, the inflation rate will return to the target corridor of ±1.5 percentage points from the annual target of 5%. Dorin Recean said that the Government coordinates its fiscal policy with the NBM monetary policy and the measures taken by the authorities will help to return to the NBM inflation target, while the Budget + PLUS will help to solve 2 tasks: on the one hand - to support citizens, on the other - to ensure investments and stimulate the economy. // 07.04.2025 - InfoMarket.
