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European Commission will be main supporter of Moldova’s budget in 2014


https://www.ipn.md/en/european-commission-will-be-main-supporter-of-moldovas-budget-7966_1009491.html

The Government of Moldova expects that the development partners next year will provide non-reimbursable assistance of 2.3 billion lei, which is the equivalent of US$178 million. The grants will represent 9.1% of the state budget revenues and 2.2% of the GDP, IPN reports, quoting the 2014 state budget approved by the Government.

The grants for supporting the budget will total 914 million lei (US$70 million), while the grants for financing projects – 1.4 billion lei (US$107.4 million).

The European Commission will be the main supporter of Moldova’s budget in 2014, with 856 million lei. The money will be directed for supporting reforms in different sectors of the economy and for implementing the Visa Liberalization Plan of Action. The budgetary support from the Government of Romania is projected to come to 58 million lei, for the construction of the Iasi-Ungheni gas pipeline.

The main donors for projects financed with foreign resources will be the U.S. Government, the World Bank, and the Global Fund.

Minister of Finance Anatol Arapu said that it is hard to keep to the plan for implementing certain reform actions per sector. Owing to the delays and the not always satisfactory reform implementation level, the sum for supporting the budget in 2013 and for implementing projects financed with foreign resources will be by 451 million lei lower than projected and will be 2.17 billion lei.