Moldovan cabinet approves draft law amending 2010 state budget
The cabinet today examined and approved a draft law amending and supplementing the law on the 2010 state budget. The cabinet's meeting was chaired by Prime Minister Vlad Filat, the government's press service has said.
Finance Minister Veaceslav Negruta said that the amendments were in line with the economic trends and evolutions in 2010 and their influence on the national public budget in general and the state budget in particular.
Negruta said that the updated macroeconomic forecasts showed that GDP would reach 67.1billion lei (about 4 billion euros) in 2010, up by 2.5 per cent against 2009 and up by 1 per cent compared with the initial forecasts. Exports and imports are expected to increase by 13 and respectively 12 per cent in 2010 compared with 2009, which makes 15 per cent more against the initial annual forecasts.
Thus, the public incomes amounted to 7,926 billion lei in the first four months of 2010, which makes 911 million lei or 13 per cent more against the same period of 2009. At the same time, public spending stood at 8,780 billion lei, up by 4.3 per cent against the first four months of 2009.
Compared with the amount planned for 2010, the income to the national public budget will increase by 1,507.3 billion lei (106 per cent) and the spending by 630.1 million lei (101.4 per cent), which will decrease the budgetary deficit by 877.2 million lei (by 1.6 per cent of GDP).
The draft law also sees budgetary incomes of 13,330.8 billion lei, up by 1,012.4 billion lei against the initial forecasts, the spending will reach 19,718.3 billion lei, hiking by 7 million lei against the initial forecasts, and the deficit will stand at 3,387.5 billion lei, decreasing by 748.7 million lei against the initially planned one.
The authorities expect that additional budgetary incomes will come from the income tax levied from entrepreneurs, VAT, excises, taxes on foreign trade, etc.
Additional spending will be made to cover social compensations due to be paid to less well-off people in the cold season, social assistance, pensions to servicemen, compensations to people from the left bank of the Dniester for the recently increased energy tariffs, free of charge issuance of passports, purchase of anti-hail rockets, exploitation of irrigation systems, etc.
Prime Minister Vlad Filat asked that the draft law should be presented in the parliament as soon as possible in order to make sure that it enters into force in the shortest time possible.
"It is important that the additional means reach the beneficiaries in due time and feel their effects," Filat said.
Moldpres
Comments