The government approved for 2023 the average salary in the economy at the level of 11,700 lei with an increase of 13.8%.
The Cabinet of Ministers took into account the macroeconomic forecast of the Ministry of Economy for 2022-2025, according to which in 2022 Moldova is expected to have a 3% decline in GDP compared to the previous year (the last forecast assumed that GDP growth would be zero), and in nominal terms the volume of GDP will reach 278.02 billion lei. At the same time, in the next 3 years, growth is projected at the level of 2%, 3.5% and, respectively, 4%, and in nominal terms, the volume of GDP will increase from 308.8 billion to 360.3 billion lei. Higher inflation rates are expected at the end of the year: 2022 - 34.6%, 2023 - 6.7%, 2024 - 5.6%, 2025 - 5%. Average annual inflation growth is expected to be in the range of 29.3% in 2022, 15.7% in 2023, 6.6% in 2024 and 5% in 2025. The previous forecast, agreed with the IMF, assumed that the average annual inflation rate will be 29.3%, and at the end of 2022 - 33.8%. In 2022, the average annual exchange rate of lei against the dollar will be 18.89 per $1 instead of 19.14 per $1, and the rate at the end of 2022 will be 19.41 per $1 instead of 19.91. In the next 3 years, the Moldovan leu will depreciate against the US dollar: the average annual rate will increase from 20.01 to 21.32 lei per $1, and at the end of the year - from 20.53 to 21.56 lei per $1. It is predicted that in 2022 Moldovan exports will grow by 40.4%, as previously forecasted, up to $4 billion 415 million, while imports will grow by 28.9%, up to $9 billion 250 million (previously expected to grow by 25.1 % - up to $8 billion 976 million). In the next 3 years, export growth is expected by 1.4%, 9.5% and, respectively, 7.1%, and import growth in 2023-2025 forecasted at the level of 3.2%, 2.6% and, respectively, 1.8%. It is assumed that the foreign trade deficit in 2022 will amount to $4 billion 835 million instead of the previous forecast of $4 billion 561 million. In 2023, the trade deficit will grow to $5 billion, and in the next 2 years the deficit will be lower. In 2022, industrial production is expected to decline by 1.3%, and agricultural production by 27%, although in the previous forecast it was expected that industrial production would grow by 1.5%, and a decline of 18% was predicted in the agricultural sector. In 2023-2025 the annual growth of industrial production will be 4-4.8%, and in the agricultural sector in 2023 it is expected to grow by 10%, and in the next 2 years by 2.3% and, accordingly, by 2%. The Ministry of Economy predicts a decline in the volume of investments in long-term tangible assets in 2022 by 3.5% in comparable prices - up to 36.56 billion lei, in 2023 the decline will be 1%, and in the next 2 years an increase of 5.1% is expected and 4.4% over the previous year. The average salary in Moldova in 2022 will be 10,280 lei, which is 14.5% more in nominal terms than in the previous year, but taking into account inflation, it will decrease by 11.5%. In 2023, the average salary will reach 11,700 lei (+13.8% in nominal terms and 1.7% in real terms). In the next 2 years, the impact of inflation on household incomes will be less pronounced, growth is expected both in nominal terms (+10-11%) and in real terms (+4-5%). By 2025, the average nominal salary will rise to 14,350 lei. The payroll fund will increase from 77.3 billion lei in 2022 to 109.6 billion lei in 2025.// 28.12.2022 — InfoMarket
