Moldovan government gives go-ahead to state budget for 2013

The cabinet approved a draft law on the 2013 state budget on September 26. The budget provides for revenues of 22.7 billion lei and spending of 23.6 billion lei.

According to the draft budget, the deficit amounts to 874 million lei. The revenues to the 2013 national public budget are expected to stand at 37 billion lei, while the spending will stand at about 38.1 billion lei.

Finance Minister Veaceslav Negruta said the goal of the budget is to maintain the deficit of the national public budget at 1.14 per cent of the GDP. Negruta said experts are expecting the GDP to record a 5-per-cent growth and a 5-per-cent inflation rate in 2013. Compared with 2012, exports are expected to increase by 13 per cent and imports by 10 per cent in 2013.

Most spending - 67.4 per cent - will be meant for the social sector in 2013, whereas 14.3 per cent of the national budget resources will be allocated for economic expenditures. According to forecasts, the state debt will amount to 21.6 billion lei in 2013, up by 1.1 billion lei against December 2012.

The draft state budget law for 2013 is going to be examined by the parliament. According to the current legislation, the government must submit the draft to the parliament by 1 October 2012.

Adapted from Moldpres