December 4 (SeeNews) - Moldova's parliament has adopted on final reading the 2019 budget bill targeting economic growth of 4% and deficit equivalent to 2.7% of the projected gross domestic product (GDP), the government said.
The budget deficit is expected to total 5.53 billion lei ($321 million/283 million euro) in 2019 and is to be financed from both external and internal sources, the government said in statement on Monday.
Budget revenue is seen at 42.1 billion lei in 2019, up 14.1% over 2018, while spending is set at 47.6 billion lei, up 13.5%.
Some 88.6% of next year's budget revenue is expected to be generated by fiscal revenues, which will be 12.6% higher than in 2018, the government said.
Moldova's economy expanded by 5.2% year-on-year in real terms in the second quarter of 2018, mainly on the back of the successful performance of the wholesale and retail sector, the country's statistical office, BNS, said earlier.
Moldova has built its 2018 budget bill on projections of 3.0% economic growth and budget deficit equivalent to 2.8% of GDP.
(1 euro =19.5491 Moldovan lei)