Moldova to reduce budget deficit to 5.4%
The Moldovan Government will amend the Law on the 2010 State Budget so as to introduce a new Budget deficit figure of 5.4% GDP size - against 7% written in the document now.
Prime Minister Vlad Filat said at the joint news conference today that the deficit forecast figure reduction has become possible due to improvement of the situation with budget revenues, which are expected to exceed the projected indicator by 1.5 billion lei (US$120 million). The Government will use the money for reducing the budget deficit by 900 million lei.
In his words, the Government intends to preserve a steady pace of improvement of the country's budget and tax system, of controlling inflation, and of rendering assistance to commercial banks in their resuming the crediting of the real economy sector.
The premier said that one of the Government's essential objectives has been the strengthening of its capacity to react to and manage crisis-like situations. To this end, the Government will set up a Committee for Financial Stability to be chaired by prime minister.
Infotag
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