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190 new news items in the last 24 hours
Monday 09:15

Court of Accounts of the Republic of Moldova: Moldova is heading 'without reserves' towards bankruptcy

Adrian Rusu
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Republic of Moldova
Foto: shutterstock.com/ro
The annual report of the Court of Accounts shows an alarming economic situation in the Republic of Moldova, with a real growth of only 0.1% and a budget deficit of 13 billion lei. Public debt has increased by 15.9%, while capital investments are only realized at a rate of 56%. Canceled projects and the lack of transparency in expenditures highlight administrative chaos. External assistance has significantly decreased, and spending in education has not yielded results. The Court of Accounts uses the term "empty reserves" to mask an economic collapse, emphasizing the lack of responsibility in managing public funds.

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Timpul Moldova
Curtea de Conturi confirmă: Moldova merge ‘fără rezerve’ spre faliment

ȘTIRI PE ACELEAȘI SUBIECTE

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Economy
The IMF urges governments to reduce debts and deficits, warning about global financial risks and the need to strengthen capital reserves.
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