Positive Changes Ahead: Moldova to Boost Pensions This Spring

The government of Moldova has announced some encouraging news for its elderly citizens. Prime Minister Alexandru Munteanu recently confirmed that pensions will increase in the upcoming spring, a decision triggered by a decrease in inflation rates and improved economic indicators in the country. This positive development is set to bring relief to many, highlighting steps towards financial stabilization.

An Increase That Matters

Prime Minister Munteanu stated that the indexation of pensions is expected to be around 6 percent, a significant move considering that the inflation rate has now fallen below 4 percent. "This means we are talking about a real increase in incomes, not just one that covers price hikes," Munteanu remarked during his appearance on the Good Evening show on Moldova 1. This increase is particularly noteworthy as it reflects intention and action towards improving the living standards of pensioners.

Continuing Support for Vulnerable Groups

The prime minister also highlighted the government's ongoing commitment to support vulnerable segments of the population. He acknowledged the hardships many have faced in recent years, stating, "We have not managed to help everyone equally, but we have focused on the most vulnerable and we will continue to do so." This proactive stance indicates a broader strategy aimed at enhancing social welfare.

Looking Forward to Economic Stabilization

While Munteanu noted that the pension increase may not meet all expectations, he emphasized it marks the beginning of a new phase of economic stabilization for Moldova. "After two years of very high inflation, we are starting to bring the system back into balance," he stated, indicating a hopeful outlook for the future.

Moldova also seeks to strengthen its economy through local products, showing a commitment to fostering domestic business and potentially aiding economic growth. This multifaceted approach reflects the government's recognition of the interconnectedness of social security and economic health.