According to the Finance Ministry, the adjustments in the budget revenues were possible due to a 300-million-lei increase in VAT revenues on goods and services produced and rendered on the territory of Moldova. The figure was adjusted on the basis of the analysis of revenues for the first five months of the current year. The amount of VAT refunds has also increased – by 100 million lei.
Another factor was the revision of the amount of revenues from dividends received from the state-owned companies, as well as from the net profit of state-owned enterprises. They added another 200 million lei to the budget revenues. The revenues of budgetary institutions also increased – by 38.8 million lei, as well as the payments of grants for projects financed from external sources – by 8.9 million lei.
As for the changes in the expenditure side, they envisage the provision of a one-time financial assistance of 300 million lei for the preparation of pupils from the first to the ninth grades for the new school year. Additional funds (50 million lei) for the state enterprise Railroad of Moldova were determined. Another 50 million lei will be sent to the government’s intervention fund to eliminate the consequences of emergency situations.
Also, a partial redistribution of funds is planned, taking into account the current situation and the needs of the public authorities in terms of labor remuneration in the budgetary sector. Transfers to the local budgets and the state social insurance budget will be increased.
In general, the amendments will not affect the deficit. It will remain at 17 billion 906.3 million lei. Although the initial amount of 13 billion 894 million lei was planned in the budget law for 2025, the budget deficit increased by 4 billion 012.3 million lei (+28.9 per cent). As a percentage of GDP, it now amounts to 5.1%.
