Minister of Finance, about the IMF Mission’s visit to Chisinau

The Minister of Finance, Natalia Gavrilița, mentions that the Mission of the International Monetary Fund, which begins its visit to Chisinau on October 2, targets the budget consultation for the year 2020, IPN reports. In an interview for Radio Free Europe, the minister has said that during the negotiations with the IMF tax policy "surprises" are not envisaged.

"As I said, when we had this assessment at firefighters’ pace, when we came to governance and had to stabilize the 2019 budget, we had already negotiated those measures that we insisted on being applied from January 1, 2020, so as to ensure predictability for the business environment”, the minister noted.

In other news, Natalia Gavrilița has stated that the Ministry of Finance has no plans to increase taxes or change the taxation rates. The tax system for individuals remains as it is -  the single taxable quota of 12%. The only amendment is that as of January 1, 2020, people who have a monthly income of 30 thousand lei and over or an annual income of 360 thousand lei shall no longer benefit from personal exemption. And these changes have already been made in the law so that there is a predictability.

"This means that people who receive 30 thousand lei per month will not benefit from the monthly exemption of 240 lei. Moreover, it affects only five thousand people. I wish much more people had incomes exceeding 30 thousand lei per month,” says the finance minister.

The minister also specified that the first tasks when she assumed office were to relaunch the program with the IMF, to unblock the grants from the European Union, so that there would be no need to cut costs.

 

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