The Government Is Preparing an Austerity Budget for 2027. Tofan: "We Have to Save
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The state budget for 2027 will focus on saving public money and reducing the budget deficit, including by reducing spending on government ministries and agencies. The statement was made by Prime Minister Vasile Tofan for Exclusive TV. The Chief Executive mentioned that some branches of the economy are growing, including industry, exports of indigenous products,
The state budget for 2027 will focus on saving public money and reducing the budget deficit, including by reducing the expenditure of ministries and government agencies. The statement was made by Prime Minister Vasile Tofan for Exclusive TV. The Chief Executive mentioned that some branches of the economy are growing, including industry, exports of indigenous products, etc. Article "We have to save. The government prepares spending cuts in minist…
The state budget for 2027 will focus on saving public money and reducing the budget deficit, including by reducing spending on government ministries and agencies. The statement was made by Prime Minister Vasile Tofan for Exclusive TV. The Chief Executive mentioned that some branches of the economy are growing, including industry, exports of indigenous products, medical tourism, the pharmaceutical industry and the IT sector, broadcasts MOLDPRES.
Prime Minister Vasile Tofan says that the state budget of 2027 will be one of the savings. The government has sent back several budgets of the institutions, because the proposed spending cuts have been considered insufficient, and the budget deficit has already risen from 5% of GDP.
The Moldovan authorities intend to move towards austerity in the formulation of the 2027 budget, and Prime Minister Vasile Tofan warned of the upcoming unpublicity measures and reported that the Government has already sent several budget proposals for further development due to excessive expenditure, as he reported on the television channel "Exclusive TV".
Prime Minister Vasile Tofan said that the draft state budget for 2027 was returned for revision, because the authorities believe that some expenditure should be further reduced. The government is proposing to reduce the budget deficit, which exceeded 5% of GDP, through savings in ministries and agencies. The statements were made during the issue "The Government [...] Article prepares an austerity budget for 2027. Tofan: "We must save it first ap…
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