Government approves 2013 Budget Law
The draft 2013 National Budget, which was approved today by the Government, provides for revenues of 37 billion lei and spending of 38.1 billion lei, by 7% greater than this year. The deficit of the National Budget will reduce by 57 million lei to 1.136 billion lei, Info-Prim Neo reports.
Finance Minister Veaceslav Negruta said the economic growth in 2013 is expected to stand at 5%. The annual inflation rate will constitute 5%, exports and imports will increase by 13% and 10% respectively, and the average monthly salary will rise by over 11% to 3,950 lei.
In 2013 the Government will allocate 200 million lei to the Energy Efficiency Fund, 140 million lei of which will be used to continue the installation of the gas main Iasi-Chisinau.
Although economic spending will increase too, the social orientation of the Budget is evident, with social spending accounting for as much as 67.4% of the total. Economic expenses take the second place with 14.3%, followed by expenses on public order, defense and security with 5.7%. State services for general purposes close the list with 4.6%.
The 2013 State Budget, a component of the National Budget, provides for revenues of 22.7 billion lei and spending of over 23 billion lei, with a resulting deficit of 874.8 million lei.
To compensate for the deficit, the Government plans, among other measures, to sell state securities on the primary market, privatize state assets, and rely on foreign credits and budget support loans from the World Bank, the EIB and the EBRD.