PSRM Will Support Fiscal Policy and State Budget Projects

Socialist deputies will support the draft budgetary and tax policy, as well as the state budget. In a Party of Socialists’ press release, it is noted that at the insistence of the Socialist deputies and the current President Igor Dodon, no tax increases are envisaged in the draft fiscal policy in 2021. At the same time, the PSRM advocates the need for tax incentives for certain sectors of the economy to help them recover from the crisis caused by the COVID-19 pandemic as soon as possible, ipn.md reported. At a meeting of the faction, that Igor Dodon participated in as well, the socialists decided to support the application of a reduced VAT rate of 12% for fertilizers in parallel with the application of the same VAT rate for primary agricultural products. They will also vote to increase the amount of VAT refundable on exports of agricultural products from 8% to 12% of the value of exports. The PSRM faction welcomes the new VAT reduction for the HoReCa sector from 15% to 12% and the government's proposal to increase the annual tax exemption from 24,000 to 25,200 lei, as well as a 50% increase for dependents from 3,000 to 4,500 lei. The PSRM faction is in favor of raising wages in the public sector. Workers in the medical sector will again increase their salaries from January 1 by 30%. Another aspect supported by the Socialist MPs is related to the planned budgetary funds of 200 million lei to subsidize taxes on wages for workers who returned to the country. PSRM deputies decided as well to support the adoption of the Gagauz package of bills, and will promote a bill on giving the Russian language the status of interethnic communication language. Socialists will also insist on approving the initiative, according to which inserts-instructions for medicines should be in Russian and will support amendments to the Radio and Television Code, “to bring more clarity to the work of broadcasting companies, including by adapting the law to national security strategy”.