Budget deficit of 1.3bn lei after half a year

The state budget revenues plan was 99% fulfilled, while the expenditure plan – 88% fulfilled, according to the data for the first six months of the year. The budget deficit was 1.3 billion lei, Info-Prim Neo reports. In Wednesday’s meeting of the Government, Minister of Finance Veaceslav Negruta said detailed information about the fulfillment of the budget will be made public by July 20. “We are analyzing all the types of taxes collected into the budget – the VAT, excise duties and others – what the contribution of the Tax Inspectorate and Customs Office was, what reserves and arrears exist,” said the minister. In their comments during the last few days, independent economic analysts said that despite the GDP growth of 8.4% recorded in the first three months of the year, the collections to the budget do not increase. On the contrary, they decline, especially the fiscal incomes. According to them, this may be a signal that a new wave of the crisis could hit Moldova.