The parliament has approved of the state social insurance budget in the first reading with the revenue and expenditures amounting to MDL 16,410,670,200.
The revenue of the state social insurance budget will increase by MDL 1,464,985,900 or by 9.8% against the revenue approved for 2016; the expenditures will grow by MDL 1,434,575,400 or by 9.6% against the expenditures approved for 2016. The own incomes of the state social insurance budget will amount to 66.3%, while the transfers from the state budget will make up 33.7%.
The expenditures on paying allowances funded by the internal resources of the social insurance budget will make up 75.3%, while the expenditures funded from the state budget will be 24.7%. The expenditures of the 2017 state social insurance budget have been projected taking into account the indexation of the pensions by 6.8%, the introduction of the parental child care allowance, the increase of the lump-sum child birth allowance to MDL 5,300, the introduction of the monthly allowance for twins, triplets, etc. at the age of up to 3 years and other measures. The 2017 social insurance budget has been drafted on the base of the legal framework, the analysis of trends and achievements of the previous years and the macro economic projection made by the Economy Ministry. (InfoMarket/Business World Magazine)