Moldova's Upcoming Pension Increase: A Positive Shift for the Elderly

In a promising development for the elderly population in Moldova, Prime Minister Alexandru Munteanu announced plans to increase pensions in the spring of 2024. This increase comes against a backdrop of declining inflation and improving economic conditions, signaling a more stable financial future for retirement beneficiaries.

Significant Pension Indexation

The Prime Minister revealed that pensions are set to rise by approximately 6 percent, a decision influenced by the inflation rate dipping below 4 percent. “This means we are talking about a real increase in incomes, not just one that covers price hikes,” Munteanu stated during an interview on the Good Evening show on Moldova 1. Such a move is a much-needed relief for many who have faced economic challenges in recent years.

Long-term Stability and Support

The government recognizes the struggle of its citizens, especially vulnerable groups, and Munteanu emphasized ongoing support measures. “We understand that it has not been easy for people in recent years. We have not managed to help everyone equally, but we have focused on the most vulnerable and we will continue to do so,” he acknowledged. Additional adjustments to salary laws for public sector employees are also being considered to enhance overall economic stability.

A Path Forward

This pension increase marks a crucial step towards economic stabilization for Moldova, coming after a prolonged period of high inflation. As noted by Prime Minister Munteanu, the increase may not fully meet all expectations, but it represents a significant improvement in the living standards of many citizens. The government's commitment to balancing the economic system while exploring further support options provides hope for a brighter future.