Given the absence of foreign funds for investments, the Republic of Moldova does not develop, but survives, said economic experts according to whom the pandemic seriously struck a number of sectors of the economy and investments are needed for reinvigoration, IPN reports.
According to economist Sergiu Gaibu, the pandemic and international isolation led to a considerable decline in investments. In the absence of these, new jobs cannot be created.
“It is a chain. Jobs should be created and these will generate revenues. To create jobs, the tax system should be reviewed. Currently, the taxes account for 30% of the GDP. For a country like ours, this is a burden. For a state, it is much cheaper to reduce taxes than to incur costs for following these taxes. For the Republic of Moldova, the taxes should represent 20%. The authorities should set the goal of reducing the fiscal burden at least for the small businesses that want economic development,” Sergiu Gaibu stated in the talk show “Emphasis on Today” on TVR Moldova channel.
According to economist Veaceslav Ioniță, the authorities now do nothing but honor their budgetary commitments to salary earners and public sector employees. The country does not develop, but survives.
“The Republic of Moldova is in unprecedented international isolation. No money comes. It’s true that salaries and pensions are paid, but they are very low. Our country didn’t ratify the Convention of the World Labor Organization that was ratified by Romania 20 years ago. This provides that each older person will enjoy a decent life after retirement, which is a pension of 42-45% of the salary. In our country, the pension is two times lower,” said Veaceslav Ioniță.
On January 1, 2021, the average pension in the Republic of Moldova was 2,104 lei. According to the National House of Social Insurance, 686,000 persons receive a pension in the Republic of Moldova.
