Public Finances
Public Finances

Summary/Abstract: The high growth rate of the budget revenues registered in 2002-2005 will significantly decrease next years. The Government plans for 2006 an 18% growth in the budget revenues, and unlike the situation in 2005 when the real revenues were much higher than the planned ones, in 2006 this will most likely not happen. When the relationship with international financial institutions is re-established, the pattern of the public policies on public finance will also change. Thus, for the next period, we will shift from a socially oriented budget to an investment one. The sudden increase in investment expenses in 2005 will maintain itself in 2006 as well, and the key objective in the very next period will be the public investment increase by attracting investment loans up to 20% of the total public expenses.

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