{"id":294,"date":"2026-09-08T13:19:19","date_gmt":"2026-09-08T13:19:19","guid":{"rendered":"https:\/\/deklarat.eu\/?p=294"},"modified":"2026-09-18T19:32:09","modified_gmt":"2026-09-18T19:32:09","slug":"rectificarea-bugetara-2026-moldova-adauga-278-miliarde-la-cheltuieli-dar-numai-600-milioane-la-venituri-cine-finanteaza-diferenta","status":"publish","type":"post","link":"https:\/\/deklarat.eu\/en\/rectificarea-bugetara-2026-moldova-adauga-278-miliarde-la-cheltuieli-dar-numai-600-milioane-la-venituri-cine-finanteaza-diferenta\/","title":{"rendered":"Rectificarea bugetar\u0103 2026: Moldova adaug\u0103 2,78 miliarde la cheltuieli, dar numai 600 milioane la venituri. Cine finan\u021beaz\u0103 diferen\u021ba?"},"content":{"rendered":"<p class=\"wp-block-paragraph\"><strong>Republica Moldova intr\u0103 \u00een ultima parte a anului 2026 cu un deficit bugetar care se apropie de 6% din PIB. Rectificarea bugetar\u0103 aduce cheltuieli suplimentare importante pentru salarii, compensa\u021bii, infrastructur\u0103 \u0219i programe sociale. Multe dintre ele pot fi justificate individual. \u00centrebarea este \u00eens\u0103 dac\u0103, luate \u00eempreun\u0103, sunt sustenabile \u00eentr-o economie \u00een care veniturile statului nu cresc \u00een acela\u0219i ritm.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Guvernul Republicii Moldova a aprobat la 2 septembrie rectificarea bugetului de stat pentru anul 2026.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Noile cifre sunt:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"\"><strong>venituri: 80,27 miliarde lei;<\/strong><\/li>\n\n\n\n<li class=\"\"><strong>cheltuieli: 103,35 miliarde lei;<\/strong><\/li>\n\n\n\n<li class=\"\"><strong>deficit: 23,07 miliarde lei, echivalent cu 5,95% din PIB.<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/mf.gov.md\/ro\/content\/guvernul-aprobat-rectificarea-bugetului-de-stat-pentru-2026-fonduri-destinate-compensa%C8%9Biilor\">Ministerul Finan\u021belor \u2013 rectificarea bugetului de stat pentru 2026.<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Problema devine mai vizibil\u0103 atunci c\u00e2nd compar\u0103m aceste cifre cu bugetul ini\u021bial.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Acesta prevedea aproximativ&nbsp;<strong>79,67 miliarde lei venituri \u0219i 100,57 miliarde lei cheltuieli<\/strong>, cu un deficit de aproximativ&nbsp;<strong>20,9 miliarde lei<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dup\u0103 rectificare, veniturile cresc cu numai aproximativ&nbsp;<strong>600 milioane lei<\/strong>, \u00een timp ce cheltuielile cresc cu aproximativ&nbsp;<strong>2,78 miliarde lei<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Diferen\u021ba nu dispare. Ea se transform\u0103, \u00een mare parte, \u00een deficit.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>De la 20,9 la 23,07 miliarde lei deficit<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Deficitul bugetar cre\u0219te astfel cu aproximativ&nbsp;<strong>2,17 miliarde lei<\/strong>, ajung\u00e2nd de la circa 5,5% la&nbsp;<strong>5,95% din PIB<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Acest lucru nu \u00eenseamn\u0103 automat c\u0103 Moldova se afl\u0103 \u00eentr-o criz\u0103 fiscal\u0103. Statele pot utiliza temporar deficitul pentru investi\u021bii, pentru amortizarea unor \u0219ocuri economice sau pentru interven\u021bii sociale.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dar exist\u0103 o diferen\u021b\u0103 important\u0103 \u00eentre a \u00eemprumuta bani pentru o investi\u021bie care poate genera cre\u0219tere economic\u0103 \u0219i a utiliza deficitul pentru finan\u021barea unor cheltuieli curente care trebuie repetate \u0219i \u00een anii urm\u0103tori.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">De aceea trebuie analizat&nbsp;<strong>ce finan\u021beaz\u0103, de fapt, cre\u0219terea cheltuielilor.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>651,7 milioane lei suplimentar pentru cheltuielile de personal<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Una dintre pozi\u021biile care merit\u0103 o aten\u021bie special\u0103 este suplimentarea cu&nbsp;<strong>651,7 milioane lei pentru acoperirea necesit\u0103\u021bilor de cheltuieli de personal<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Potrivit Ministerului Finan\u021belor, banii sunt destina\u021bi institu\u021biilor finan\u021bate de la bugetul de stat \u0219i institu\u021biilor de \u00eenv\u0103\u021b\u0103m\u00e2nt din subordinea autorit\u0103\u021bilor publice locale.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ministerul precizeaz\u0103 c\u0103 suma urmeaz\u0103 s\u0103 fie repartizat\u0103 ulterior de Guvern.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Aceasta este o informa\u021bie important\u0103, deoarece cei 651,7 milioane lei&nbsp;<strong>nu reprezint\u0103 aceea\u0219i cheltuial\u0103 cu cele 560 milioane lei prev\u0103zute pentru pl\u0103\u021bile unice acordate anumitor categorii de angaja\u021bi bugetari<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sunt dou\u0103 pozi\u021bii distincte.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Prin urmare, numai aceste dou\u0103 m\u0103suri legate de personal \u00eensumeaz\u0103 aproximativ&nbsp;<strong>1,21 miliarde lei suplimentar<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0218i aici apare o \u00eentrebare legitim\u0103 de politic\u0103 bugetar\u0103:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>De ce este nevoie, \u00een luna septembrie, de \u00eenc\u0103 651,7 milioane lei pentru necesit\u0103\u021bi salariale care, \u00een mare parte, ar trebui s\u0103 fie previzibile atunci c\u00e2nd este construit bugetul anual?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">F\u0103r\u0103 o defalcare detaliat\u0103 nu putem concluziona c\u0103 banii sunt cheltui\u021bi nejustificat. Pot exista ajust\u0103ri salariale, modific\u0103ri ale efectivelor, necesit\u0103\u021bi ale institu\u021biilor de \u00eenv\u0103\u021b\u0103m\u00e2nt sau alte explica\u021bii perfect legitime.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dar tocmai de aceea ar fi util ca Guvernul s\u0103 explice public&nbsp;<strong>ce institu\u021bii vor primi banii \u0219i ce a determinat necesarul suplimentar<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u00ce\u0219i poate permite statul aceste cheltuieli?<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Aceasta este, probabil, \u00eentrebarea central\u0103.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tehnic, da. Un stat poate cheltui mai mult dec\u00e2t \u00eencaseaz\u0103 dac\u0103 finan\u021beaz\u0103 diferen\u021ba prin \u00eemprumuturi \u0219i alte surse de finan\u021bare.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dar \u00eentrebarea economic\u0103 nu este dac\u0103 Moldova&nbsp;<strong>poate<\/strong>&nbsp;face acest lucru \u00eentr-un anumit an.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00centrebarea este dac\u0103 \u00eel poate face&nbsp;<strong>\u00een mod sustenabil<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Rectificarea include, printre altele, transferuri suplimentare c\u0103tre bugetul asigur\u0103rilor sociale, compensa\u021bii energetice, cheltuieli salariale, dezvoltare regional\u0103, drumuri \u0219i alte programe.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Nu toate aceste cheltuieli trebuie privite la fel.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Un drum, o re\u021bea de ap\u0103 sau o infrastructur\u0103 economic\u0103 poate genera beneficii timp de zeci de ani. Finan\u021barea unei asemenea investi\u021bii prin datorie poate avea o justificare economic\u0103.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Salariile, compensa\u021biile \u0219i alte cheltuieli curente sunt diferite. Ele trebuie finan\u021bate din nou anul viitor \u0219i \u00een anul urm\u0103tor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dac\u0103 veniturile permanente ale statului nu cresc \u00een acela\u0219i ritm, apare o dependen\u021b\u0103 tot mai mare de deficit.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>80 miliarde intr\u0103, peste 103 miliarde ies<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Cifrele rectific\u0103rii pot fi reduse la o realitate foarte simpl\u0103:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>statul estimeaz\u0103 c\u0103 va \u00eencasa aproximativ 80,27 miliarde lei \u0219i c\u0103 va cheltui aproximativ 103,35 miliarde.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Diferen\u021ba este de peste&nbsp;<strong>23 de miliarde de lei<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00cen primele \u0219apte luni ale anului, problema era deja vizibil\u0103 \u00een execu\u021bia bugetar\u0103: la 31 iulie, bugetul de stat \u00eenregistrase aproximativ&nbsp;<strong>44,5 miliarde lei venituri \u0219i 53,2 miliarde lei cheltuieli<\/strong>, rezult\u00e2nd un deficit de aproximativ&nbsp;<strong>8,7 miliarde lei<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/mf.gov.md\/ro\/content\/informa%C8%9Bii-privind-executarea-bugetului-de-stat-la-situa%C8%9Bia-din-31-iulie-2026\">Ministerul Finan\u021belor \u2013 execu\u021bia bugetului la 31 iulie 2026\u2060<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Deficitul \u00een sine nu este neap\u0103rat problema. Conteaz\u0103&nbsp;<strong>pentru ce ne \u00eemprumut\u0103m, c\u00e2t ne cost\u0103 \u00eemprumutul \u0219i dac\u0103 economia va cre\u0219te suficient pentru a rambursa datoria f\u0103r\u0103 s\u0103 fie nevoie de taxe tot mai mari.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u0218i costul datoriei conteaz\u0103<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Pe m\u0103sur\u0103 ce datoria cre\u0219te, cre\u0219te \u0219i suma pe care statul trebuie s\u0103 o aloce dob\u00e2nzilor \u0219i serviciului datoriei.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ace\u0219ti bani nu construiesc drumuri, \u0219coli sau spitale \u0219i nu finan\u021beaz\u0103 servicii publice noi. Ei reprezint\u0103 costul deciziilor de finan\u021bare luate anterior.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">De aceea deficitul de ast\u0103zi poate limita spa\u021biul bugetar de m\u00e2ine.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dac\u0103 economia \u0219i veniturile bugetare cresc suficient de repede, povara poate r\u0103m\u00e2ne gestionabil\u0103. Dac\u0103 nu, o parte tot mai mare din veniturile statului poate ajunge s\u0103 fie destinat\u0103 datoriei.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Granturile sunt revizuite \u00een sc\u0103dere<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Mai exist\u0103 un element important \u00een rectificare.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ministerul Finan\u021belor a redus estimarea veniturilor din granturi cu aproximativ&nbsp;<strong>837 milioane lei<\/strong>, iar cheltuielile proiectelor finan\u021bate din surse externe sunt diminuate cu aproximativ&nbsp;<strong>959,8 milioane lei<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Aceasta nu demonstreaz\u0103 c\u0103 Uniunea European\u0103 sau ceilal\u021bi parteneri externi \u201enu mai vor s\u0103 finan\u021beze Moldova\u201d. Calendarul deburs\u0103rilor \u0219i capacitatea de valorificare a proiectelor pot modifica sumele \u00eenregistrate \u00eentr-un anumit an.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dar ne aminte\u0219te de o realitate economic\u0103 important\u0103:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>granturile nu pot substitui permanent o economie intern\u0103 capabil\u0103 s\u0103 genereze venituri suficiente.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Investi\u021biile str\u0103ine sunt necesare. Dar de ce ar alege un investitor Moldova?<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Moldova are nevoie de investi\u021bii private \u0219i str\u0103ine pentru a-\u0219i extinde baza economic\u0103.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dar simpla afirma\u021bie \u201etrebuie s\u0103 atragem investitori\u201d nu reprezint\u0103 o strategie.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Un investitor interna\u021bional compar\u0103 Moldova cu Rom\u00e2nia, Bulgaria, Polonia, Serbia \u0219i alte economii din regiune.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Moldova nu are o pia\u021b\u0103 intern\u0103 mare. Iar salariile mici nu pot constitui strategia unei \u021b\u0103ri care dore\u0219te s\u0103 se apropie de nivelul de trai european.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Avantajul competitiv trebuie construit prin&nbsp;<strong>fiscalitate previzibil\u0103, infrastructur\u0103, energie sigur\u0103, administra\u021bie eficient\u0103, acces la finan\u021bare, educa\u021bie, digitalizare \u0219i un sistem de justi\u021bie \u00een care investitorul s\u0103 aib\u0103 \u00eencredere.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Capitalul poate accepta impozite.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ceea ce accept\u0103 mult mai greu este incertitudinea.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Integrarea european\u0103 este o oportunitate, nu un substitut pentru economie<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Integrarea \u00een Uniunea European\u0103 poate oferi Moldovei acces la o pia\u021b\u0103 enorm\u0103, finan\u021bare, infrastructur\u0103 \u0219i investi\u021bii.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dar aderarea nu transform\u0103 automat structura economiei.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">UE poate ajuta Moldova s\u0103 construiasc\u0103 infrastructura necesar\u0103 dezvolt\u0103rii. Nu poate \u00eens\u0103 produce \u00een locul Moldovei companii competitive, productivitate, institu\u021bii eficiente sau o baz\u0103 fiscal\u0103 s\u0103n\u0103toas\u0103.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Din acest motiv, finan\u021barea european\u0103 trebuie folosit\u0103, pe c\u00e2t posibil, pentru investi\u021bii care&nbsp;<strong>m\u0103resc capacitatea economiei de a produce venituri \u00een viitor<\/strong>, nu pentru a crea o dependen\u021b\u0103 permanent\u0103 de transferuri.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u00centrebarea nu este doar \u201ede unde lu\u0103m bani?\u201d<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Rectificarea bugetar\u0103 din 2026 ar trebui s\u0103 declan\u0219eze o discu\u021bie mai ampl\u0103 dec\u00e2t simpla disput\u0103 despre m\u0103rimea deficitului.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Un deficit de&nbsp;<strong>5,95% din PIB<\/strong>&nbsp;nu reprezint\u0103 singur dovada unei crize.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dar combina\u021bia dintre cheltuieli \u00een cre\u0219tere, venituri care cresc mult mai lent \u0219i necesitatea unor aloc\u0103ri suplimentare pentru cheltuieli curente trebuie urm\u0103rit\u0103 atent.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mai ales c\u00e2nd, \u00een urma unei singure rectific\u0103ri,&nbsp;<strong>cheltuielile cresc cu aproximativ 2,78 miliarde lei, iar veniturile numai cu aproximativ 600 milioane lei.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00cenainte de a \u00eentreba permanent&nbsp;<strong>\u201ede unde mai g\u0103sim bani?\u201d<\/strong>, Moldova trebuie s\u0103 r\u0103spund\u0103 la o \u00eentrebare mai dificil\u0103:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Cum construim o economie suficient de productiv\u0103 pentru a finan\u021ba statul pe care vrem s\u0103-l avem, f\u0103r\u0103 s\u0103 transfer\u0103m o parte tot mai mare a facturii c\u0103tre datoria \u0219i contribuabilii de m\u00e2ine?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Un alt articol <a href=\"https:\/\/deklarat.eu\/en\/etias-se-apropie-ce-trebuie-sa-stie-moldovenii-din-canada-si-diaspora-inainte-de-a-calatori-in-europa\/\">https:\/\/deklarat.eu\/etias-se-apropie-ce-trebuie-sa-stie-moldovenii-din-canada-si-diaspora-inainte-de-a-calatori-in-europa\/<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Republica Moldova intr\u0103 \u00een ultima parte a anului 2026 cu un deficit bugetar care se apropie de 6% din PIB. Rectificarea bugetar\u0103 aduce cheltuieli suplimentare importante pentru salarii, compensa\u021bii, infrastructur\u0103 \u0219i programe sociale. Multe dintre ele pot fi justificate individual. \u00centrebarea este \u00eens\u0103 dac\u0103, luate \u00eempreun\u0103, sunt sustenabile \u00eentr-o economie \u00een care veniturile statului nu [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10,19],"tags":[],"class_list":["post-294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bani-taxe","category-moldova"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Rectificarea bugetar\u0103 2026: Moldova adaug\u0103 2,78 miliarde la cheltuieli, dar numai 600 milioane la venituri. Cine finan\u021beaz\u0103 diferen\u021ba? - Deklarat<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/deklarat.eu\/en\/rectificarea-bugetara-2026-moldova-adauga-278-miliarde-la-cheltuieli-dar-numai-600-milioane-la-venituri-cine-finanteaza-diferenta\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rectificarea bugetar\u0103 2026: Moldova adaug\u0103 2,78 miliarde la cheltuieli, dar numai 600 milioane la venituri. Cine finan\u021beaz\u0103 diferen\u021ba? - Deklarat\" \/>\n<meta property=\"og:description\" content=\"Republica Moldova intr\u0103 \u00een ultima parte a anului 2026 cu un deficit bugetar care se apropie de 6% din PIB. 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