Deputies Voted to Repeal the "Billion Law" in the Second Reading

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The bill by which the PSRM deputies again demanded to abolish the "billion law " was voted on in the second reading. It should be noted that in December 2020, the Constitutional Court of Moldova declared this draft unconstitutional, reported. According to the authors, the project is aimed at eliminating additional tax pressure on the population and the economy of the Republic of Moldova, effectively using the financial resources accumulated by the state in the form of taxes in the interests of citizens, avoiding a significant increase in the state debt. Petru Burduja, Chairman of the Commission on Economy, Budget and Finance, said that possible consequences were not taken into account when the law on issuing payment obligations arising from state guarantees was adopted. “In the context of an acute economic crisis caused by restrictions imposed to prevent the COVID-19 spread, this bill will allow allocating money, covering the needs of socially vulnerable segments of the population and supporting the business sector from funds earmarked for banking fraud damages,” project’s authors. noted. On December 16, 2020, a similar law was adopted, providing for the abolition of Law No. 235 of October 3, 2016 on the issuance of payment obligations arising from state guarantees. The Constitutional Court challenged the law and declared it unconstitutional on March 18, 2021.