
The leader of the Moldovan branch of the Social Democratic Party of Romania believes that the EU tranche will be spent on current expenses and not on development
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The European Commission approved an assistance package for Moldova in the amount of 1.8-1.9 billion euros in October 2024.
The European Union has released a new tranche of 157 million euros out of a total aid amount of 1.9 billion euros for Moldova.
The leader of the Moldovan branch of the Social Democratic Party of Romania, Iurie Ciocan, believes that EU financial assistance will go to cover current budget expenses, and not to invest in development.
Ciocan expressed concern that European money will dissolve in Moldova’s growing budget deficit.
CHISINAU, October 7 – RIA Novosti. The financial tranche of 157 million euros allocated by the European Union actually drives Moldova into debt bondage and will simply “eat up” current budget expenditures instead of investing in development, believes the leader of the Moldovan branch of the Social Democratic Party of Romania, former head of the Central Election Commission of Moldova, Yuri Ciocan.
Earlier, after a meeting of the Moldova-EU Association Council in Brussels, the head of European diplomacy, Kaya Kallas, announced that the European Union had unlocked a new tranche of 157 million euros out of 1.9 billion euros for the republic. A financial assistance package for Moldova in the amount of 1.8 billion euros (the amount was later adjusted to 1.9 billion) was approved by the European Commission in October 2024. The program is designed for three years and is aimed at “supporting the economy.”
“The republic’s economy today is largely based on borrowed money, which is spent on social needs without any return for the growth of production and welfare. We are simply wasting these funds, and a significant part of the EU tranche is regular loans,” Ciocan emphasized during the Contrasens stream of the Moldovan online publication Ziua (The Day).
The politician expressed fears that European money would dissolve into the “black hole” of the growing budget deficit, which this year increased from 21 to 23 billion lei (about $1.3 billion).
“This European “growth plan” pompously presented by the authorities in practice turns into a banal survival plan for Moldova, aimed only at paying salaries to civil servants and patching up holes before the winter,” Ciocan added.

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