Moldovan cabinet approves fiscal, customs, budget policy for 2015

Chisinau, 3 April /MOLDPRES/- A draft law on amending and completing laws related to carrying out the fiscal, customs and budget policy for 2015 was approved at a today's cabinet meeting, the government's communication and media relations department has reported.

The new legislative provisions are aimed to strengthen budget revenues and to simplify fiscal and customs administration, facilitate conditions for holding economic activity, reduce tax and customs evasion, as well as to optimise the use of public financial resources.

To back private people with small revenues and to gradually transpose fiscal pressure on people with medium income and higher than medium one, the draft sees increasing installments of taxable income, as well as annual personal exemption, major annual personal exemption and annual exemption for dependents, by adjusting the sums to the inflation rate amounting to 6.4 per cent for 2015.

Another provision of the fiscal policy is focused on stimulation, for an indefinite period, of private people and legal entities to invest money available in financial instruments, other than banking ones, especially, by their reorientation towards state securities.

While elaborating the above-mentioned draft law, the real economic situation, provisions of the government action programme, Moldova 2020 National Strategy, Moldova-EU Association Agreement, as well as other national programmes and strategies were taken into account. The concerned document is the result of a joint effort of the Finance Ministry, other ministries, social partners, experts and non-governmental sector. The fiscal, customs and budgetary policy is the basis of state budget elaboration.

(Editor L. Alcaza)