The Republic of Moldova is to receive US$236 million from the International Monetary Fund and another €50 million from the European Union. Both of the sums will be disbursed until the end of this year, said Prime Minister Natalia Gavrilița. According to her, the budgetary situation until the end of 2021 is under control and the anticorruption polices that will be implemented by the new government will start to produce results next year, IPN reports.
Natalia Gavrilița noted the Government’s priority is to amend the 2021 state budget so as to ensure the increasing of the minimum pension up to 2,000 lei until October 1.
“One of our immediate actions is to rectify the budget, to supplement those funds and to redirect allocations from programs that weren’t implemented to new projects. We committed ourselves to raise the minimum pension and will have to allocate money for these raises this year,” Natalia Gavriliț stated in a special edition on ProTV Chisinau channel.
The Premier said the foreign financing is the lifebuoy of the state budget this year. The Government banks on the second tranche of the micro-financial assistance announced by the EU and on the money from the IMF.
“The budgetary situation for this year is under control. We have good news from the IMF that will offer US$236 million to the Republic of Moldova. We hope money will come until the end of this year. At the end of September, we will negotiate the new program with the IMF and will try to access additional funds. We hope to also get 50 million from the European Union. This money enters the budget directly and goes to finance the budget deficit. This is the financing strategy for the short term,” stated Natalia Gavrilița.
She noted the Executive will not bank exclusively on foreign funds and will make effort to ensure the recovery of the economy so as to increase the state budget incomes. The independence of the judiciary and the fight against corruption will transform the Republic of Moldova into a predictable state for foreign investors, while debureaucratization will encourage the Moldovans to start businesses at home.
“We expect that our firm actions to fight corruption in 2022-2023 will ensure the collection of additional budget revenues. The pandemic restrictions led to the legalization of commercial activities and this year’s incomes are higher than projected. During the first six months of this year, the budget revenues rose by 20%. Furthermore, we will stimulate the creation of jobs so as have additional budget incomes,” stated Gavrilița.
One day before leaving premiership, Aureliu Ciocoi noted that the Government’s Reserve Fund and the Intervention Fund are empty and their filling should be the new Executive’s priority.
