Moldova's debt represents 26.3% of GDP

The foreign debt of Moldova at the end of 2010 was US$1.1 billion or 13.8 billion lei (18.9% of the GDP), while the internal debt – 5.3 billion lei (7.4% of the GDP), Info-Prim Neo reports. Minister of Finance Veaceslav Negruta presented the figures in an extended meeting of the Finance Ministry's Board. According to the official, 26.3% of the GDP is a normal indebtedness level for a recovering economy. The revenues of the national public budget last year were 27.4 billion lei, up over 4 billion lei compared with 2009 or 102.4% of the projections for 2010. The national public budget expenditure was 29.3 billion lei or 94.3% of the projections. It increased by 7.2% on 2009. The state budget incomes in 2010 totaled 17.2 billion lei, by 3.6% higher than the projections and by 24.1% higher than in 2009. The expenditure increased by over 9.2%. The revenues collected in the budgets of the territorial-administrative units added up to 7.6 billion lei, which is 100.8% of the projections. The expenditure represented 94.3% of the projected amount. Veaceslav Negruta said that though the 2011 budget law will be adopted with delay, the budget-funded institutions will not be affected.