The economy of the Republic of Moldova is now based on consumption, import and foreign loans. Our country does not produce and lives at the expense of the whole world, Socialist MP Vladimir Golovatiuc was quoted by IPN as saying in the talk show “Key issue” on NTV Moldova channel.

The MP said the National Bank’s forecasts show that the inflation rate this year will rise and the prices will rise together with this. In an organized state, together with the rise in the population’s incomes, the tariffs also grow. Last year the tariffs for different services were raised insignificantly and the operators suffer losses. The tariffs will be yet increased and the increase could be of 30-40%.

Vladimir Golovatiuc noted the money in cash totals over 21 billion lei. Of this sum, about 40% are speculative money that could enter the currency market at any moment. “There is enough money in the economy. The problem resides in the unequal distribution between the sectors of the economy and the sections of the population. The money is concentrated not in the production sector, but on the financial, banking and currency markets. This is the problem. Furthermore, the money is not equally divided between people. It is concentrated in the hands of those who are relatively rich,” he stated.

According to the MP, from October 1, 2009 until September 31, 2018, the Republic of Moldova received over US$ 11 billion in loans and grants. Of this sum, the loans represented US$ 6.8 billion.