Moldova: Recent Economic Developments
October 7, 1999
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This paper reviews economic developments in Moldova during 1995–98. By 1995, the fiscal deficit had been cut to 5¾ percent of GDP and annual inflation had fallen to 24 percent. Exports and imports recovered rapidly, with the current account deficit narrowing to 8½ percent of GDP. In 1996, the authorities adopted a three-year program to accelerate and deepen structural reforms and consolidate the stabilization effort. Performance in 1996 and 1997 was mixed. The annual inflation was further reduced to 15 percent at end-1996 and 11 percent at end-1997.
Subject: Arrears, Budget planning and preparation, Currencies, Expenditure, External debt, Money, Public financial management (PFM), Revenue administration
Keywords: Arrears, Budget planning and preparation, Central and Eastern Europe, CR, Currencies, debt service, exchange rate, foreign currency, gross domestic product, ISCR, netting operations, State budget, tax revenue, treasury bill
Pages:
105
Volume:
1999
DOI:
Issue:
110
Series:
Country Report No. 1999/110
Stock No:
1MDAEA0011999
ISBN:
9781451824933
ISSN:
1934-7685
