What Do We Do with the Economy? Immediate Economic Priorities for the New Government
Automatically translated summary. The full text is available in Romanian.
Independent Think Tank “Expert-Grup” sets out the immediate economic priorities for Moldova’s incoming government. Against the backdrop of the 2020 coronacrisis, the risk of a new wave and long-standing structural weaknesses, the document proposes a systemic approach built around four objectives focused on protecting and increasing incomes.
The analysis argues that poverty is the population’s main concern, so policy should protect and then maximise public, business and household incomes. Budget revenues would rise through audits of the Road, agriculture and ecological funds, a stronger State Labour Inspectorate, a ban on cash wages, cashless payment promotion, formalisation of patent holders and an end to clientelism in transfers to local authorities.
For households, it proposes a short-time work subsidy costing about EUR 17-18 million, with benefits roughly three times the cost, a minimum pension of MDL 2,000 costing over MDL 4 billion annually, and training vouchers of about EUR 2.5 million. For business, it suggests subsidies of about EUR 50 million a year for local processing, a credit guarantee fund capitalised to EUR 50 million, tacit approval of permits and competition investigations. Public investment should unblock energy and gas projects and support agricultural research.
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