The Government approved amendments to the 2015 state budget following the adjustment of the budget indicators to incomes, taking into account the recent macroeconomic developments, the forecasts for the period that remained up to the end of this year and the suspension of the provision of foreign assistance in budget support by the development partners. Thus, the state budget incomes will be decreased by 3.9% or 1.186 billion lei, while the costs – by 4.6% or 1.590 billion lei, IPN reports.
The main factors that led to the diminution of the incomes are the lower collected amounts of VAT and other payments related to the decline in external trade, the higher than anticipated reduction in imports and the temporary halt in the provision of assistance by the European Commission.
The road fund will be decreased by 485 million lei following the extension of the period for implementing the project to build the Ungheni-Chisinau gas pipeline, the energy efficiency fund – by 122 million lei, while the regional development fund – by 25 million lei.
As a result, the balance of the state debt in the GDP will decline by 0.6 percentage points to 31.1% of the GDP on December 31, 2015. The external state debt will represent 81.4% of the total debt.
The bill to amend the state budget will take effect after it is adopted by Parliament. In the same meeting, the Government also approved amendments to the 2015 state social insurance budget and the mandatory health insurance budget.
