The Government will adjust the state budget to allow a 10% pension indexation, the Government’s opinion concluded, referring to the draft law developed and approved by the deputies in the first reading.
Cabinet members propose adding the following provision to Article 13: “Within 10 days from the publication of this law in the Official Gazette of the Republic of Moldova, the Government shall amend its normative acts by its provisions.” Government representatives specifically refer to adjustments in the state budget and the Social Security’s for the current year.
“This proposal serves as an additional measure, requiring the identification of financial resources within the state budget for its implementation. Given the lack of approved budgetary sources for the proposed pension indexation, the Government recommends proceeding if the necessary resources are secured. It should occur alongside modifications to the state and social security budgets for the current year. Therefore, officials must update the explanatory note with details on the required costs.”
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The Government plans to index pensions by 10% starting April 1, 2025. In the first reading, 77 deputies approved the initiative. The measure will apply to payments that do not exceed the current year’s minimum wage, set at 16,100 lei.