Both the planning and fulfillment of the 2014 state budget were based on expenditure programs and sub-programs and this fact contributed to a better monitoring of the way in which the executive achieved the government objectives, says a study carried out by the independent think tank “Expert-Grup”. The authors established that the objectives set in these programs were 64% fulfilled, IPN reports.
“Expert-Grup” considers the framework for managing the public debt is rather weak and poses budget instability risks. Speaking about the problem of allocation of financial resources from the Government’s reserve fund, expert Iurie Morcotilo said the practice of redirecting money from this fund, intended for emergencies, to different events and trips hasn’t been excluded.
As the previous years, the problem of utilization of money from foreign donors remains topical. In 2014, the country failed to receive 46 million lei because it didn’t fulfill on time the conditions stipulated in the technical assistance projects. Moldova will also pay more for a loan provided by the EBD because the allocation of money was transferred to 2017.
Another problem related to the fulfillment of the 2014 state budget is the guarantees provided by the Government for the loans released to Banca de Economii, Unibank and Banca Sociala. Earlier, the guarantees for lending to economic entities were offered only after these were approved by Parliament, said “Expert-Grup”.
