The fulfillment of all the components of the 2015 budget is affected, while the forecasts for the second half of this year are even gloomier, shows a study presented by the independent think tank “Expert-Grup” on August 3, IPN reports.

“Expert-Grup” program director Dumitru Budianschi said the collection of revenues is affected by the reduction in the fiscal incomes, the halt in external financing and the considerable stealing from the banking system. “The problems in 2015 derive from internal factors, namely the depreciation of the leu and the instability in the banking sector that had notable consequences,” he stated.

Program director Alexandru Fala noted that Moldova’s budget is affected by a number risks. “First of all, the remittances are expected to decrease by over 20%. This will happen owing to the negative developments in the Russian economy. The leu-dollar exchange will rise by over 33% and the rate of inflation towards this yearend will reach 10%. Investments are expected to decrease by 10% and this will negatively affect the salaries and imports, with the letter being projected to decline by 20%,” he said.

The authors of the study formulated a number of suggestions for the Government. According to them, a memorandum with the IMF is crucial. Besides, there will be serious problems related to the financing of the budget.