OREANDA-NEWS. March 04, 2011. The state budget revenue in 2011 is planned to total 19,071.181.7 million leis (+11.1% in comparison with 2010), state budget expenditure – 20,354.074.1 million leis (+8.3%) and deficit – 1,266.892.4 million leis (in 2010 – 1,621.9 million leis).

The national public budget deficit in 2011 is expected to total 1,595.8 million leis (1.9%) of the GDP. In 2010, it was 1,778 million leis (2.5% of the GDP). Funds from sale of public securities, aid from foreign donors, incomes from privatization will cover the budget deficit this year. The draft state budget for 2011 was worked out given the expected 4.5% GDP growth, 7.5% inflation. The average annual exchange rate is expected to be 12.4 leis for a US dollar.

The Finance Minister Veaceslav Negruta said the draft Law on 2011 state budget is balanced and based on possibilities and limitations generated by the necessity to ensure macro-financial stability. It should be noted that according to the Ministry of Finance’s data, the Moldovan state budget revenue in 2010 totaled 17.17 billion leis, up 3.337 billion leis (24.1%) from 2009. The revenue exceeded the target by 3.6%.

The state budget collection target set for 2010 was executed by the Chief State Tax Inspection at 100%, by the Customs Service – at 107%. The average daily transfers to the budget in 2010 totaled 58.8 million leis, up 13.6 million leis from 2009. The state budget expenditure in 2010 was 18,791.9 million leis (93.8% of the target). It grew 1,588.9 million leis (9.2%) against the state budget expenditure in 2009.