The Cabinet agreed the medium-term budgetary framework for 2018-2020, which is designed to ensure the predictability and continuity of the public policies financed from the budget, IPN reports.
The document is an updated version of the medium-term budgetary framework for 2017-2019 with forecasts and analyses extended until 2020. Among the key objectives are to do structural reforms, to consolidate public finances and financial stability, to optimize the use of budgetary resources and to redirect the existing funds to programs of major importance.
In particular, the priorities derive from the National Development Strategy “Moldova-2020”, the Government’s program for 2016-2018 and the Moldova – EU Association Agreement. There were included additional policy measures that form part of the Government’s reform agenda, such as to increase the salary norms and implement priority projects financed with foreign funds intended for on-lending to state-owned enterprises. Their inclusion in the medium-term budgetary framework will be discussed during the second review of the program supported by the IMF in the autumn of 2017.
