Moldova is preparing draconian but necessary economic and financial reforms designed to align the country with EU standards, says Finance Minister Victoria Belous, and turn the post-Soviet republic into a European one.
However, turning EU financing into better public services is not simple, Belous told BIRN in an interview. Administrative delays are holding up investment, even as the government seeks to finance higher public-sector salaries and prepares tax changes for 2027, she explains.
“The problem for public investment projects is not lack of money but the capacity and efficiency of certain processes which, unfortunately, delay implementation,” Belous said.
This distinction runs through the government’s reform plans generally: spending commitments require dependable income, while investment requires institutions capable of putting projects into practice.
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