The external grants that will enter Moldova’s state budget this year will come to 2.83 billion lei, which is 7.7% of the total revenues, IPN reports.
The given sum includes budget support grants totaling 2.19 billion lei and grants intended for projects financed from external resources amounting to 640.8 million lei.
The grants from the governments of other states represent 2%, while 98% will be provided by international organizations. The European Commission is the main donor in 2018. This will offer grants to the value of 2.46 billion lei (€118.2m), which is 86.9% of the external grants designed for Moldova.
89% of the grants from the European Commission will go to support the budget. The money will be used to do reforms in the energy, vocational education and police sectors and to implement the Moldova – EU Deep and Comprehensive Free Trade Agreement that is designed to further liberalize trade and to maintain macroeconomic stability.
