Transnistria and Gagauzia

​TRANSNISTRIAN GOVERNMENT PROPOSES TO ADOPT 2016 BUDGET WITH DEFICIT OVER 50%

11 december, 2015

The unrecognized Transnistrian Moldovan republic (PMR) government approved on Thursday the draft law on 2016 state budget, which provides revenues worth 2.3 billion rubles (US$207.2 million), while expenditures – 4.7 billion (US$423.4 million). Moreover, only on socially protected articles the budget lacks 1.1 billion rubles.

According to the PMR cabinet of ministers, acting minister of finance Elena Ghirjul, who presented the document, referred to the consolidated 2016 budget as to the socially oriented and elaborated on the basis of a best-case scenario.

She said that the deficit of revenues against expenditures will account 46%, while in 2015 it was of 40%.

Talking about the republican budget, Ghirjul said that its revenues are planned within 1.4 billion rubles, while expenditures – 3.3 billion rubles.

The government forecasts the annual inflation within 2% and plans to gradually raise salaries to budget workers by 5%, while pensions – by 4%. The draft budget provides also expenditures on repaying in 2016 of credit debt on labor remuneration, which has already exceeded 300 million rubles.

“Once a financing source appears, the retained sums will be repaid. However, the outstanding deficit may cause a recurrent need of introducing the special procedure of salaries and pensions’ financing”, Ghirjul said.

Acting Director of the PMR social insurance fund Alexandra Krotova said that the fund’s budget revenues are expected within 1.7 billion rubles, while expenditures – 2.6 billion.

All the draft documents will be submitted for consideration to the new supreme soviet [region’s parliament], the first meeting of which is planned for December 23.

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