Moldova Public Expenditure Review : Agriculture

Agriculture is vital to Moldova’s economy. It accounts for 14 percent of gross domestic product (GDP) and employs 25 percent of the labor force; together with agro-processing, it generates more than 20 percent of GDP. While the size of the agricult...

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Bibliographic Details
Main Author:	World Bank Group
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	PURCHASE PRICE RISKS CAPITAL MARKETS PROFIT MARGINS EXCISE TAXES PRODUCTION STOCK VALUATION STRUCTURAL CHANGE INCOME INTEREST EXPECTATIONS GOVERNMENT SPENDING INTEREST RATE REAL GDP PROPERTY RIGHTS CORPORATE PROFITS GDP PER CAPITA EXPORTS POLITICAL ECONOMY ECONOMIC STRUCTURE FISCAL POLICY WELFARE BOOK VALUE GROSS VALUE DIMINISHING RETURNS INCENTIVES DISTRIBUTION VARIABLES SUBSIDY DAMAGES TAX BENCHMARKS INPUTS INCOME TAX TAKEOVER PAYMENTS FREE TRADE AGRICULTURAL OUTPUT ECONOMIC STRUCTURES TRENDS HORIZONTAL EQUITY BUDGET DEVELOPMENT CHOICE MACROECONOMIC STABILITY COST EFFECTIVENESS INFLUENCE TOTAL FACTOR PRODUCTIVITY TECHNICAL ASSISTANCE COSTS PER CAPITA INCOME CURRENCY RENT PERSONAL INCOME OPTIONS PRODUCTIVITY FAILURES CRITERIA DEBT MARKETS OPEN ECONOMY INCOME LEVELS TAX REVENUES INVENTORIES NATURAL RESOURCES AVERAGING GROSS DOMESTIC PRODUCT INVENTORY SUBSIDIES PRODUCTION INPUTS TAXES EXPENDITURE UNEMPLOYMENT INCOME TAXES PRODUCTIVITY GROWTH CONSUMPTION HUMAN CAPITAL VALUE ADDED GOVERNMENT BUDGET ECONOMIC PERFORMANCE CAPITAL WAGES INTERNATIONAL TRADE VERTICAL EQUITY VALUE BENCHMARKING COMPETITIVENESS CREDIT BUDGETS PURCHASING POWER DEVELOPMENT STRATEGY DEMAND GOVERNMENT EXPENDITURE MARGINAL BENEFITS MARGINAL COSTS INEFFICIENCY EXPENDITURES ECONOMY AGRICULTURE CONSUMERS
Online Access:	http://documents.worldbank.org/curated/en/272831501078232155/Moldova-Public-expenditure-review-agriculture http://hdl.handle.net/10986/28331

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Summary:	Agriculture is vital to Moldova’s economy. It accounts for 14 percent of gross domestic product (GDP) and employs 25 percent of the labor force; together with agro-processing, it generates more than 20 percent of GDP. While the size of the agriculture sector is one of the largest in Europe, it is comparable to other countries at similar income levels. The sector is also a major foreign exchange earner, with agro-food products comprising about 60 percent of merchandise exports. The Government of Moldova (GoM) identifies agriculture as one of the main drivers of growth in its 2020 national development strategy. Agriculture in Moldova faces both short-and-long term challenges. Increasing public spending on agriculture is not an optimal response to these challenges. Instead, to make the sector more competitive and resilient to shocks, direct budget spending should be reduced in some areas and redesigned or increased in others. Tax expenditures can be streamlined to make them more efficient, cost effective, and equitable.

Moldova Public Expenditure Review : Agriculture

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