Expert-Grup says Moldova's growth could be zero and inflation near 10% this year
Expert-Grup warns that inflation could reach 10% by the end of the year, and economic growth could be zero.
Written later, from the reports of that day.
What it means for you
Diesel would cost 4 lei less per litre if the excise were fully cut, but the budget would lose 3 billion lei. The experts say aid should go only to farmers and low-income households. Diesel prices, they say, will stay high while the fuel crisis lasts.
What happened
Expert-Grup, an economic think tank, says Moldova's growth this year will be 1% at best. Because of the fuel crisis, it could be zero. The National Bank recently raised its base rate to 9% to curb inflation.
In short
- The state budget deficit for this year rose by more than 2 billion lei after September adjustments, to 23 billion lei.
- The deficit equals 5.95% of GDP.
- Fully scrapping the excise on diesel would cut the price of a litre by 4 lei, or 11%.
- Experts call the government's plan to raise over 5 billion lei more next year through VAT and excise increases unrealistic.
Original sources
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