Chicu: Moldova's Economy Has Proven Able to Generate Income

Despite the difficulties, the Moldovan economy has proven that it can generate income,” Prime Minister Ion Chicu said. On Monday at an enlarged meeting of the collegium of the Ministry of Finance he said that “2019 was marked by two election campaigns and three governments but despite these turbulences national budget revenues recorded an increase of 5 billion lei compared to 2018,” infotag.md reports. "I also note that the share of non-repayable foreign aid in the structure of expenditures is only 2.4%, and taking into account loans - 6.3%. Everything else is generated by the efforts of the Moldovan economy," the prime minister emphasized. He noted the role of the Ministry of Finance in these achievements, and thanked all its employees who worked throughout 2019, including Natalia Gavriliţă the ex-Minister of Finance in the Maia Sandu government. Chicu emphasized that the priority areas in 2020 will be the fiscal policy discipline, which "will not be conducted contrary to the interests of individuals and economic agents." He also noted the need for “adequate measures as to the agricultural and food sectors”. "Of course, one of the most important tasks is to increase budget revenues, but not to the detriment of the business environment and citizens. Revenue growth with tax cuts - the results of 2019 (tax reform -" I. ") prove it is possible," - the prime minister said. He noted the need for "effective use of domestic liquidity", which has accumulated in abundance, and which must be used primarily to "expand the investment opportunities of the Republic of Moldova." Among the priorities listed by the prime minister one may note the expansion of cooperation between central and local authorities, the gradual transition to the use of electronic invoices in procurement and cooperation with international partners.