Hidden Bibliographic Details
| Other authors / contributors: | Gorbanyov, Michael.
International Monetary Fund.
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| ISBN: | 1283554534
9781283554534
9781455204908
1455204900
9781455204250
1455204250
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| Notes: | Includes bibliographical references (pages 81-82).
Print version record.
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| Summary: | 1. Moldova faces fiscal sustainability issues as a result of pre-election spending hikes and the global economic crisis that necessitate a genuine fiscal consolidation plan. Large fiscal imbalances arose as a result of sharp pre-election increases in wages and pensions and loss of revenue from the slump in economic activity. Given sizable fiscal adjustment needs, comprehensive fiscal consolidation plans need to be implemented and monitored to maintain confidence in the budget's ability to finance itself and--in the longer run--fiscal solvency. Failure to do so would destabilize expectations and weaken the effect of the budget support now being provided by the international community.
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| Other form: | Print version: Republic of Moldova. Washington, D.C. : International Monetary Fund, ©2010
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