A few days after the Council of Ministers approved the decision to raise
wages and pensions, the Ministry of Finances warned that to keep the
budget under control they will have to ask cutting the spending on these
items.
Top Channel has been able to secure the initial variant that the Ministry of Finance experts have prepared for the budget review, although it is not official yet. The Ministry values that the incomes by the end of the year will be 33.5 billion ALL less than the plan, which is 9.5% of the entire annual program.
Experts say that this can be compensated only by cutting spending in some items, including wages, pension fund, maintenance, social transfer, economic assistance and unemployment payment.
According to the calculations, the spending cut will be at least 18.2 billion ALL, so that the deficit can be preserved within the legal limits. Officially, the budget law for this year has fallen only a few months after it was approved, when the government lost the control of all the indicators, due to the increased spending and reduced taxes.
In the conditions of a political rotation, the destiny of the budget will remain undecided until the new government will be decided. The income dropping imposes only two ways: increasing the debt or making extreme cuts, including social transfers.
Top Channel