The Government of Moldova will increase the revenue part of the state budget for 2022 by 1.35 billion lei (+2.3%), reduce expenditures by 1.3 billion (-1.7%), and reduce the state budget deficit by 2.65 billion lei (-15.4%) - to 14.6 billion lei.
In particular, this is envisaged by the draft amendments prepared by the Ministry of Finance to the Law on the state budget for this year. According to the document, in particular, the revenue part of the state budget for 2022 will be increased by 1.35 billion lei (+2.3%) - from 57 billion 971 million 321.6 thousand to 59 billion 321 million 321.6 thousand lei, the expenditure part of the state budget will be reduced by 1.3 billion (-1.7%) - from 75 billion 216 million 321.6 thousand to 73 billion 916 million 321.6 thousand lei, and the state budget deficit for this year will eventually be reduced by 2.65 billion lei (-15.4%) - from 17 billion 245 million to 14 billion 595 million lei. The Ministry of Finance noted that the amendments to the Law on the State Budget for 2022 were developed to ensure the implementation of earlier decisions of the Commission for Emergency Situations, which involve a change in the volume of the main indicators of the state budget for 2022. In particular, the CoES approved earlier amendments to the Law on the State Budget for 2022 in order to allocate funds to Energocom to increase its authorized capital by changing the balance of funds in the state budget accounts. Thus, the decision of the CoES of September 15 provided for the allocation of funds to increase the authorized capital of Energocom in the amount of 200 million lei; from September 29 - in the amount of 511 million lei; dated October 19 - in the amount of 1 billion 050 million lei. The decision of the Commission for Emergency Situations on November 11 provided for an increase in the authorized capital of Energocom by 4 billion lei and an increase in re-crediting of Energocom from projects financed from external sources by 3 billion lei. As a result, it is planned to increase the volume of state budget revenues in the amount of 1.35 billion lei (+2.3%) - up to 59 billion 321 million 321.6 thousand lei, including by 850 million lei - due to an increase in the volume of grants to support budget; by 350 million lei - due to the growth of income tax from legal entities; by 150 million lei - by reducing the amount of VAT refunds. Herewith, the expenditure part of the state budget for this year will be reduced by 1.3 billion (1.7%) - to 73 billion 916 million 321.6 thousand lei due to a decrease in deductions to government fixed-term funds (1.1 billion lei from the Intervention Fund and 200 million lei from the Reserve Fund). As a result, the state budget deficit for this year will be reduced by 2.65 billion lei (-15.4%) - to 14.6 billion lei. The sources of financing the state budget deficit will be reduced by a total of 2.65 billion lei, including: 4 billion lei will be an increase in shares and other forms of capital participation within the country (reflected in the budget with a minus sign); 3 billion lei will be an increase in loans recredited to non-financial institutions for refinancing Energocom within the framework of the project "Security of natural gas supply in Moldova" (reflected in the budget with a minus sign); 3 billion lei will be an increase in income from external loans for projects financed from external sources; 1.35 billion lei will be a change in balances cash n and state budget accounts. The Ministry of Finance emphasizes that the increase in the authorized capital of Energocom was aimed at increasing the company's ability to purchase natural gas and electricity, as well as providing the necessary conditions for the continuation of natural gas supplies by Moldovagaz. Herewith, the loan for the Moldova Natural Gas Supply Security project, originally scheduled for 2023, should be disbursed in 2022. // 02.12.2022 — InfoMarket
