Main Aspects and Trends of the 2018 National Public Budget
Authors
Automatically translated summary. The full text is available in Romanian.
The Independent Think Tank “Expert-Grup” has published a policy note on the main aspects and trends of Moldova's National Public Budget for 2018. It briefly analyses the aggregates and components of the budget and its revenue structure, and asks whether the draft budget for 2018 is an electoral one.
The note finds that the draft budget rests on a more cautious economic forecast than the one in the 2018-2020 Medium-Term Budgetary Framework, but a realistic one. A worrying trend emerges in expenditure: the share of local government budgets falls from about 25% in 2015 to 22.3% in 2018, suggesting that decentralisation is being implemented too late.
The growing share of the state social insurance budget, alongside rapidly rising transfers from the state budget, raises questions about its sustainability. At the same time, the analysis of the aggregate parameters shows no signs that the 2018 draft is an electoral budget. The paper was prepared under the project “The budget process in the Republic of Moldova: monitoring transparency and promoting public oversight”, funded by the Soros Foundation Moldova. Only the authors are responsible for its statements.
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