The fiscal reform adopted by Parliament on July 26 this year will negatively influence the revenues collected into the budget of Chisinau municipality. An analysis carried out by the General Finance Division shows that the municipality in the last quarter of 2018 will fail to collect 80 million lei in revenues after the fiscal reform takes effect on October 1 and another 400 million lei in 2019, IPN reports.

Acting mayor of Chisinau Ruslan Codreanu, in the September 17 meeting of officials of municipal services and divisions, said the municipality will make approaches to the Parliament’s commission on economy, budget and finance so that this considers possibilities of covering the revenues that would not be collected by the capital city. “We must find money to finance the planned measures or the new initiatives,” stated the acting mayor.

Ruslan Codreanu also spoke about other sectors where the municipality fails to collect the projected revenues, such as the levying of market taxes, taxes for street units and taxes on real estate.