News about State budget and taxes

It is planned to transfer the administration of sectoral public procurement into the hands of private companies. This is part of a large-scale reform of the public procurement system aimed at increasing the transparency and efficiency of the process.

The Customs Service has improved its position in terms of state budget execution. While in January of this year it undercollected excise duties by almost 100 million lei, in two months, in January and February 2026, the revenues of the Customs Service, although not significantly (by 1%), exceeded the funds collected for the same period in 2025.

The average pension in the Republic of Moldova covers only 42% of living expenses, placing the country among the countries with the lowest pension provision in Europe.

The South Korean government is urgently putting the economy on crisis management rails in preparation for worst-case scenarios in the Middle East. The prolonged war in Iran and the blockade of the Strait of Hormuz have dealt a huge blow to the country, which is critically dependent on energy imports.

At today’s meeting, the government approved a draft, according to which pensions and social benefits will rise by 6.84% on April 1 this year.

Total government debt, which includes the government’s external and domestic liabilities, is rising due to an acceleration in domestic borrowing.

Latvia has approved a bill to reduce excise duty on diesel fuel by 15%. This will reduce the price by 8.6 cents per liter, including VAT. In addition, excise duty will be reduced on diesel fuel for farmers, which will reduce its price by 5.9 cents per liter.

The Chisinau Municipal Council, with the votes of 27 councillors, approved the rates of local taxes and abolished the so-called sanitary levy, excluding it from the list of taxes that will be in force this year. This gives the green light to the procedure of adopting the budget for 2026. However, according to the councillors, in all likelihood this will not be possible until after the Easter holidays.

It is proposed to strengthen the role of the Ministry of Finance in assessing the fiscal impact of public-private partnership (PPP) projects. The ministry will approve a document justifying the financial obligations of the parties and assessing their impact on the budget.

In Moldova, it is not uncommon for an employer to delay payment of wages to his employees.

Until April 30, 2026 individuals-citizens must file income tax returns for 2025. The State Tax Service reminds about this, emphasizing that it refers to individuals who do not carry out entrepreneurial activities.

In March 2026, citizens invested about 30.4 million lei through the eVMS.md platform. This is much more modest than in the first two months of this year, when citizens purchased state securities worth 193.13 million lei.

The price increase for oil products in March has already had a double impact on the Moldovan economy. For the population, farmers and transporters, it means higher costs, additional pressure and the risk of higher prices along the entire supply chain. For the state budget, the same crisis means additional revenues from VAT and other taxes applied to the higher fuel price.

Russia is preparing to cut military spending for the first time since the start of the war against Ukraine. But this reduction does not mean a weakening of war funding: the government is looking for ways to spend more efficiently.

The proclamation of the agri-food sector as a national priority and the allocation of at least 15% of the state budget of the Republic of Moldova for its development is the first point of the resolution of the Association “Moldova Fruct”, adopted at the jubilee (20th since its creation) annual general meeting of the organization’s members.

Mopeds, scooters, motor scooters and motorcycles with an electric motor, as well as electric cars and special purpose vehicles on passenger car chassis, i.e., vehicles with an electric motor became subject to road use tax.

As of January 1, Russian border guards had 8.9 million orders from bailiffs to ban debtors from leaving Russia – 1.4 times more than a year ago. This is partly an accumulated effect: the issuance of new bans is declining.

The signature of the recipient/supplier will not be required on the supplier’s copy of the tax invoice for the supply of services as well as electricity, natural gas, thermal energy, hot water and telecommunication services limited to telephony, internet and television services.

Only 15 out of 240 state-owned companies have external audits, and 55 out of 108 state-owned enterprises are headed by temporary administrators. These are statements from audit reports prepared by experts of the Audit Chamber. They were voiced during a meeting of the parliamentary commission for the control of public finances.

Moldova may abolish import customs duties on more than 90% of goods from the USA, keeping them on some sensitive groups (meat, milk and products from them, as well as sugar, sucrose, fructose, etc.). A corresponding parliamentary initiative has been registered in Parliament.