Filip: PSRM-Shore Projects Will Lead to Higher Prices and NBM Weakening

Deputies canceled the so-called "law on a billion" with 56 votes. The bill, introduced by the PSRM faction and at the plenary session on Wednesday, December 16, was adopted in the final reading. "The bill is aimed at eliminating additional fiscal pressure on the population and the economy of the Republic of Moldova, on efficient use of the financial resources accumulated by the state as taxes and fees in the interests of citizens, avoiding a significant increase in the state debt," the information note to the project stated, nokta.md  reported with a link to cotidian.md The project was included in the agenda on the initiative of a group of PSRM deputies. The authors proposed allocating funds to support farmers. As a result of the project, the government, within 3 months from the date of law’s entry into force will develop and propose to the National Bank of Moldova the necessary measures to solve the debt problem of Banca de Economii, Banca Sociala and Unibank banks. Note, opposition has sharply criticized this bill and demanded that it be removed from the agenda. “I refuse to believe that PSRM does not have economists or financial specialists who understand very well the inevitable project consequences canceling state guarantees: weakening of the NBM, rising prices and lack of external trust,” Pavel Filip said in parliament. According to the leader of the Democrats, this project, sharply criticized by the IMF, will not only spoil our relations with external partners and no one will provide us with loans or grants, which will lead to inflation, Leu depreciation and higher prices. The request of the leader of the Democrats to exclude the project from the agenda was also supported by the deputies of the PAS and PPDA but was not supported by the PSRM-Shor coalition.