Moldovan finance ministry presents semi-annual report on carrying out national public budget

Chisinau, 12 September /MOLDPRES/ - The cabinet of ministers, at a today’s meeting, approved a semi-annual report on the carrying out of the national public budget and its components for the 2018 year. The report is to be presented to parliament. In the first six months of this year, the national public budget collected revenues worth 27 billion 776.9 million lei, up by 11.5 per cent against the same period of 2017, according to the Finance Ministry’s report.   

The report shows that, in terms of share in the Gross Domestic Product (GDP), the revenues recorded an increase from 16.6 per cent of GDP in the first half of 2017 up to 17 per cent in the first six months of 2018. The taxes have the highest share in the overall sum of revenues in the national public budget, respectively 64.4 per cent. The contributions and insurance premiums stood at 29.8 per cent and other revenues – 5.4 per cent.

The state budget revenues increased by 1 billion 566.5 million lei, up to 17 billion 288 million lei. As much as 9 billion 980.7 million lei (including transfers) was accumulated in the state social insurances budget, by 11 per cent or 988.2 million lei more than in January-June 2017. The revenues to the mandatory health insurance funds grew by 10 per cent and the ones to the local budgets – by 10.9  per cent.   

The report also shows that the expenses of the national public budget in the first half of 2018 amounted to 26 billion 884.4 million lei, up by 7.5 per cent against the same period of the year before.  

The fulfillment of the national public budget in the first half of this year ended with a positive budgetary balance (budget surplus) of 892.5 million lei, in conditions when a deficit of 953 million lei was estimated. The Finance Ministry explains the surplus by a quicker collection of budget revenues in comparison with the carrying out of budgetary expenditures, especially of those dealing with investments because of the long-lasting process of procurement, as well as lower interests because of the Moldovan currency’s appreciation.  

(Reporter V. Bercu, editor M. Jantovan)