Parliament passed again a bill to abrogate the law on the issuing of state bond of 2016, the so-called “billion law”. A similar law adopted last December was declared unconstitutional this March, IPN reports.

The head of the commission on economy, budget and finance, Socialist MP Petru Burduja said that when the law on the issuing of bonds deriving from the state guarantees was adopted, its possible consequences weren’t taken into account. “The liabilities grow and reduce the executive’s possibility of implementing social and economic projects. Moreover, this is a tendency to increase the state debt and a method by which this burden was transferred on the state budget, which is on the citizens,” explained the MP.

Deputy Speaker Alexandru Slusari, PPPDA MP, said the law of 2016 was a mistake and the PPPDA is for its annulment, but discussions on it should be held with the central bank, the Ministry of Finance and the foreign partners before the second reading.

PAS MP Dumitru Alaiba said the abrogation bill represents economic marasmus and this law will also be declared unconstitutional. The effects of the theft committed in 2014 will be more seriously felt in the nearest future, after this law is adopted.

The Constitutional Court declared unconstitutional the law of December 2020 by which the law on the issuing of state bonds of 2016, the so-called “billion law”, was abrogated following a challenge filed by MPs Andrian Candu and Vladimir Cebotari. The law of 2016 regulated the issuing of state bonds for executing the state guarantees provided to the National Bank of Moldova by the Ministry of Finance for guaranteeing the emergency loans for Banca de Economii, Banca Socială and Unibank.