Moldovan official journal roundup for 27 December

13:41 | 26.12.2016 Category: Economic

Chisinau, 26 December /MOLDPRES/- The state budget law for 2017 will be published in the Official Journal of Moldova on 27 December.

The state budget for 2017 sees revenues amounting to 32.8 billion lei, expenses worth 36.99 billion lei and a deficit of about 4.2 billion lei. Under the legislation, the state budget expenses will increase by 9.4 per cent against 2016. Budget deficit will be covered mainly from foreign sources. The state budget revenues are expected to increase in 2017 by 10.8 per cent compared to the budget set for this year, following the increased revenue from taxes by 8.4 per cent and grant inputs by 47.0 per cent, an informative note attached to the document reads. Receipts from taxes represent 86.1 per cent of the state budget revenues forecast for 2017.

Parameters of the national public budget are estimated at 51.6 billion lei, up by 9.9 per cent against the estimates given in 2016, and expenses to 55.3 billion lei. Expected national public budget deficit is 4.3 billion lei, at the level of deficit approved for 2016. The share of national public budget deficit to GDP will be 3.0 per cent against 3.2 per cent in 2016.

Current expenditure for 2017 represents 88.6 per cent of total expenditure, and the capital ones – 11.4 per cent. A number of 900 million lei will be earmarked to the subsidy fund of farmers, of which 231 million lei from the account of ENPARD budgetary support programme of the European Commission. Road fund will be 1 billion 830 million lei, regional development fund – 200 million lei and energy efficiency fund – 100 million lei.

According to the Finance Ministry, state debt balance will increase by 12.8 per cent reaching 60.8 billion lei. Foreign state debt is forecast to increase by 19.7 per cent, up to 1,893.0 million dollars.

The state budget for 2017 was built on a 3.0-per cent- economic growth, a 4.4-per cent- inflation rate and an exchange rate of about 20.00 lei per one US dollar. Average salary for next year is expected at 5,300 lei, up by 7.6 per cent against 2016. The Finance Ministry counts on a recovery of foreign trade, increase in exports by 10 per cent, and in imports by 9 per cent.

(Reporter P. Beregoi, editor L. Alcază)

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