Moldova - Public finance



In 1993, following independence, Moldova undertook a massive privatization program. By January 2003, 80% of all housing units were in private hands, as were nearly all small, medium, and large businesses. Agriculture was privatized ending in 2000 through a US-sponsored program called "Pamint" (land).

The US Central Intelligence Agency (CIA) estimates that in 1998 Moldova's central government took in revenues of approximately $536 million and had expenditures of $594 million. Overall, the government registered a deficit of approximately $58 million. External debt totaled $1.3 billion.

The following table shows an itemized breakdown of government revenues and expenditures. The percentages were calculated from data reported by the International Monetary Fund. The dollar amounts (millions) are based on the CIA estimates provided above.

Moldova

REVENUE AND GRANTS 100.0% 536
Tax revenue 83.2% 446
Non-tax revenue 7.1% 38
Capital revenue 1.5% 8
Grants 8.2% 44
EXPENDITURES 100.0% 594
General public services 4.4% 26
Defense 1.5% 9
Public order and safety 5.1% 30
Education 4.8% 28
Health 4.4% 26
Social security 42.4% 252
Housing and community amenities 0.2% 1
Recreation, cultural, and religious affairs 1.1% 7
Economic affairs and services 4.2% 25
Other expenditures 15.2% 90
Interest payments 16.7% 99
Also read article about Moldova from Wikipedia

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