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Moldova revises 2008 budget deficit
RBC, 08.12.2008, Chisinau 17:08:02.The Moldova government has revised budget parameters, increasing the estimated budget deficit by $38.1m, or five times, to $47.7m. Corresponding amendments to the bill on the republic's budget were approved during an extraordinary cabinet meeting. Similarly, the budget's revenue and expenditure figures were also revised, a source in the government told RBC today. The amendments provide for a 3.8-percent rise in revenue to almost $1.450bn, as well as a 6.4-percent increase in expenditures to nearly $1.548bn. According to Moldova's Finance Minister Mariana Durlestianu, the government had originally approved a deficit-free consolidated budget. The country's inflation, meanwhile, is expected to amount to 9 percent in 2008. With this in mind, the cabinet decided to return to the agreed figure of the budget deficit amounting to 0.5 percent of GDP. The amendments are now up for parliamentary approval.
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