Business and Economy Review, no. 26
Automatically translated summary. The full text is available in Romanian.
Issue no. 26 of the Business and Economy Review, published by the Independent Think Tank “Expert-Grup”, examines fiscal policy in the Republic of Moldova. It focuses on the state budget for 2007, which was amended after revenue collected over 11 months exceeded the planned level.
Money accumulated in the state budget during the first 11 months of the year exceeded the planned level by 2.2 percent. As a result, the 2007 state budget was amended, with forecast revenue set at MDL 13.8 billion and the expenditure ceiling at MDL 14.2 billion.
Large additional amounts were channelled to social assistance and social insurance, agriculture and roads. The review concludes that the three amendments to the annual state budget law are a symptom of the Government's weak capacity in budgetary planning. The full document is available only in Romanian.
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