“The government approved the state budget with a long delay and it turned out to be rather limited both in terms of revenues and expenditures. Experts give their opinion on the new budget approved this week. They advise the authorities to focus on deficit reduction, calling for an end to illegal financial practices.
The draft national public budget was published on 28 November, giving just three days for citizens, civil society and experts to analyse the more than 400-page document. Public finance experts found that the government’s approval of the budget plan was very late, exceeding the deadline by more than two months.
Another violation, identified by expert Marin Gospodarenko, is that the deficit limit exceeds the legal ceiling of 2.5 per cent, reaching 4.6 per cent.
Economic expert Viorel Gyrbu opined that next year’s budget will be modest due to the unsatisfactory dynamics of the national economy and insufficient revenues. He emphasised that the expenditures are practically not growing, being at the level of 2023. Girbu also noted the decline in grant revenues, but expressed hope that the situation would change during the year, given the spontaneous nature of financial support.””
