The draft budgetary-fiscal policy and draft budgets for 2021 will be examined and approved by the Government on November 30 or December 1, Prime Minister Ion Chicu informed after the meeting of senior state officials. According to him, the drafts must be adopted by Parliament by this yearend so that the planned costs could be covered as from January 1, IPN reports.

According to the Premier, after the drafts are approved by the Cabinet, they will be immediately submitted to parliament for examination in commissions and adoption in the first reading so that in ten days the Government could examine MPs’ amendments and the bills could be given a final reading on December 20-21 or when Parliament decides.

Ion Chicu noted the 2021 budget was drafted based on the same approach as in 2020, with massive investments in infrastructure and with major social payments. Preliminarily, the Road Fund will consist of 1.7 billion lei, the Good Roads Program will be financed with 90 million lei, the National Ecological Fund will include 500 million lei that will be used to implement eater supply and sewerage projects. The pays of all the categories of public sector employees will be raised. The medical personnel on January 1 will have their salaries raised by 30%.

The budgetary-fiscal policy was drafted and will be adopted according to the same schedule. More flexibility will be offered to the local public authorities for some of the taxes. Also, the Government does not give up capping local taxes as this measure protects the business from not really inspired decisions by the local public administration.

Ion Chicu also mentioned some of the measures aimed at supporting businesses by subsidizing taxes related to salaries. There will be allocated 300 million lei at the first stage, exclusively for subsidizing the taxes related to the employment of persons who are not in Moldova now or do not work officially in Moldova and do not have relations with the budget.

This means that if the employers will hire citizens who returned from abroad, either young specialists or persons who had been out of work the past year, during 12 months the state budget will subsidize the salary taxes. The exemption will be of 41-45% of the payments against the salary fund.