There are evil goals behind the intention to reduce the burden of the bank fraud, said PPPDA MP Alexandru Slusari. According to him, the bill to institute a new method of allocating the National Bank’s profit available for distribution to the state budget revenues that was passed in two readings is a ticking bomb, IPN reports.

The MP noted that the document, besides not solving the problem of the stolen US$ 1 billion, introduces a very dangerous mechanism for the future. By this law, the mechanism for covering the losses of the National Bank is being changed. The citizens face the risk of paying the losses of the National Bank, through the state budget, if the statutory capital of the NBM decreases under 4%. “By this amendment, we also ease the burden on the National Bank,” stated Alexandru Slusari, noting the MPs of the PPPDA supported the bill in the first reading, suggesting an amendment for the second reading – that the money distributed by the NBM should go on pensions – but the proposal wasn’t backed.

Providing details about the bill, Minister of Finance Sergei Pușcuța said in Parliament that if the statutory capital represents less that 4% of all the monetary obligations of the NBM, the profit available for distribution will be allocated fully for increasing the statutory capital. If the statutory capital represents 4% to 10% of all the monetary obligations of the National Bank, 50% of the profit available for distribution will go to increase the statutory capital and 50% will be transferred to the state budget revenues. If the statutory capital represents 10%, the available profit will be distributed fully to the state budget. This way, the financial pressure on the state budget in the medium and long term will be reduced following the servicing of the state bonds issued in 2016.