Moldova's Economic Crisis: Expert Warns of Rising Poverty Amidst Opaque Government Spending

Moldova's Economic Woes: Expert Highlights Gas Prices, Tariffs, and Poverty Chisinau, Moldova – In a recent interview on Canal 5, economic expert Sergei Unguryanu shed light on the pressing economic challenges facing Moldova. He highlighted the significant impact of soaring gas prices and energy tariffs, exacerbated by the government's use of RAS credits. Unguryanu pointed out that "the time of debts is strangling the economy and influencing the development of the economy in the future." He expressed concern over the lack of transparency in the government's financial dealings, particularly regarding the use of these credits. The expert's analysis underscores the severity of the situation, particularly for vulnerable populations. He noted the government's recent recalculation of poverty statistics, which resulted in lower figures, as a cause for concern. Unguryanu stated that these measures are insufficient to address the underlying issues and that a more comprehensive approach is needed to assist those struggling with the rising cost of living. The interview concluded with a call for greater transparency and accountability in government spending.