The Concept of Budgetary and Tax Policy was adopted in Pridnestrovie

The PMR Supreme Council deputies considered and adopted the Concept of Budgetary and Tax Policy in the second final reading at the plenary session. The document is designed for three years, from 2024 to 2026. The first year for which the budget is drawn up, the next two are the planning period, when real trends in the socio-economic development of the republic are traced.

The priority will remain stable conditions for economic entities with an emphasis on improving the quality of tax administration, its simplification, including measures in the field of declaring income of individuals, measures to optimize the number and volume of tax benefits, the introduction of a single payment mechanism for marginal taxes and a number of other measures aimed at easing the administrative burden of both taxpayers and government agencies.

According to the Speaker of the Parliament, the Concept of Budgetary and Tax Policy is a necessary document for the republic. It is designed to regulate the principles of building and spending the state budget.

The Chairman of the Committee on Economic Policy, Budget and Finance Viktor Guzun reminded the deputies, the Concept of Budgetary and Tax Policy was adopted for 2009-2012 last time.

The work on the new document took a long time, a large number of amendments were submitted. However, work on the Concept of Budget and Tax Policy for 2024-2026 cannot be called fully completed, the document will be improved.

The parliamentarians expressed at the current plenary session what kind of changes and additions to the adopted Concept should be made in their opinion. Thus, Deputy Chairman of the Committee on Economic Policy, Budget and Finance Vadim Kravchuk considers that a similar document in force in Russia can become a model for transforming the Pridnestrovian Concept in many respects.

Parliamentarians voted for the adoption of the Budget and Tax Policy Concept in the second final reading. The document has been sent to the President for signature.