Moldovan government approves 2017 state social insurances budget draft law

The draft law on state social insurances budget for 2017 was approved today by Cabinet of ministers at revenues, amounting to 16.4 billion lei, up 9.8 per cent over 2016 approved budget, as expenditure amounting to 16.4 billion lei, Moldpres reports. 

The state budget transfers to state social insurances budget in 2017 will amount to 5.53 billion lei, including for covering the state social insurances budget deficit of 1.4 billion lei.

Expenditures on state social insurances budget in recent years are still rising and this trend is preserved for 2017. Next year the costs are expected to increase by 9.6 per cent compared to those approved for 2016.

The project aims to keep the total tariff of state social insurances contribution amounts to 29 per cent of that paid by the employer will be 23 per cent and the employee will pay 6 per cent. Similarly, it will not be changed the rate of state social insurance contributions of 22 per cent to fund the remuneration of persons employed under individual employment contract in agriculture, 6 per cent will be subsidized from state budget.

The draft law on state social insurances budget for 2017 will be submitted to Parliament for consideration and adoption.
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