A number of investment projects may not be implemented in Chisinau

Chisinau risk remaining without a number of investment projects this year owing to the small sums collected into the municipal budget. If the January trends keep on until March, only a part of the planned works will be done and they will be started only with the consent and signature of the mayor general. Finance Division head Veronica Herta has told Info-Prim Neo that the revenues collected in January totaled 125.7 million lei, by 1% less compared with the corresponding period last year. ”This decline is mainly due to the smaller tax revenues, by 10.2% lower compared with last January. The salary taxes collected are also lower. These incomes last year rose by 22.2% on 2011, but now the rise is of only 2%,” said Veronica Herta. She also said that owing to the late adoption of the 2013 municipal budget, only 64% of the projected revenues were collected in January. The allocation of 50 million lei from the state budget wasn’t transferred and the own incomes fell by almost 1% compared with last January. Mayor General of Chisinau Dorin Chirtoaca said a consequence of such a situation is the fact that a number of investment projects risk not being implemented. The large-scale investment projects for this year include the assembling of 20 new trolleybuses, the installation of lighting on the street going to the Chisinau International Airport, the repair of streets, and the payment of compensations to elderly persons. The 2013 budget of Chisinau was passed in the first reading last week. In the second reading, the local taxes on about 50 types of commercial activities will be increased. The budget provides for revenues of 2.643 billion lei and an expenditure of 2.664 billion lei. The deficit is over 20 million lei.

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