OREANDA-NEWS. September 28, 2012. According to Finance Minister Veaceslav Negruta, the revenues of the state budget are expected to be 22 bln. 736 mln. 643.5 thou. leis and to exceed the target of 2012 by 1 bln. 703.5 mln. leis or 8.1%.

The expenditures will be 23 bln. 611 mln. 476.2 thou. leis, 1.4 bln. leis, or 6.5% up. A share of the state budget revenues is to be 22.9% of GDP, 0.5 p.p. down as compared with the target of 2012. In the structure of projected revenues fiscal receipts are planned to make 79.8% or close to 18.1 bln. leis, 9.4% up as compared with 2012.

Non-fiscal receipts are planned to amount to 713.7 mln. leis, 17.6% down. Receipts from special funds and special means, grants excluded, are budgeted at 324.1 mln. and 660.3 mln. leis respectively. Receipts from grants, supporting the budget, externally-financed projects, and external grants for public institutions are budgeted at 2623.9 mln. or USD216,85 mln. in equivalent. This is 22.8or на 487.3 mln. leis more than the target for 2012. Their share will make 11.5% in the total sum of the revenues of the state budget and 2.6% in GDP.

The main objectives of the budget -2013 include further implementing important structural reforms in order to create conditions for fiscal stability and independent financing of principal budget expenditure, without resorting to extraordinary internal backing, by keeping the deficit of the national public budget at 1.14% of GDP against 1.3%, expected at the end of 2012.

The draft law of the state budget was drawn up on the basis of the projection of the 5% growth of GDP for 2013 and the 5% inflation rate. In monetary terms, GDP is expected to reach 99.4 bln. leis (USD8.2 bln.). To assess receipts forom export, import, consular duties and grants as well as expenditures on the external state debt service the Ministry of Finance based on the average annual rate of MDL against USD equal to 12.1.