Moldovan parliament approves state budget realization report for 2016

Chisinau, 06 July /MOLDPRES/ – The Legislature approved the report on the execution of the state budget for the year 2016 today.

The document contains data on the execution of the state budget for 2016, including revenue, expenditure, deficit and sources of deficit financing.

According to the report, in 2016, revenues amounted to 28,879.6 million lei and expenditures in the amount of 32313.2 million lei, the deficit being equal to 3433.6 million lei. Revenues accrued to the budget were executed at 98.7 per cent of the forecasted figure, increasing by 5.2 per cent compared to previous years.

According to the results of economic activity in 2016, the Gross Domestic Product amounted to 154.5 billion lei, up 4.1 per cent versus 2015. During 2016, exports and imports increased by 4 per cent and 1.8 per cent, respectively.

The same report shows that the weight of the state debt at 31 December 2016 constituted 37.8 per cent, being by 10.4 percentage points higher than the situation at the end of 2015. The main cause of the increase of the state debt was the issuance of State securities in the amount of 13341.2 million lei for the Ministry of Finance to execute the payment obligations derived from state guarantees granted to the National Bank for Emergency Loan Guarantees.

(Reporter A. Zara, editor L. Alcaza)