The parliamentary group of the Bloc of Communists and Socialists (BCS) on Tuesday proposed a no-confidence motion against the policies pursued by Minister of Finance Dumitru Budianschi. The Communist and Socialist MP say the Ministry of Finance didn’t intervene with policies to manage the crisis and record price rises are seen as a result, IPN reports.

Petru Burduja said Moldova’s population becomes poorer, while the Ministry of Finance managed by Dumitru Budianschi didn’t take any measures to overcome the crisis. The rate of inflation has grown since the last quarter of 2021, reaching a record high of 27.07%, which is the highest rate in Europe and in the region.

“For comparison, when the current minister of finance was invested, the rate of inflation was 4.64%. The base rate on the main short-term monetary policy operations, including the base rate on loans for business entities and private individuals, grew from 3.65 percentage points on July 30, 2021 to 18.50 percentage points. In the period, the Ministry of Finance didn’t intervene with policies to manage the crisis and now we have record price rises,” stated Burduja, noting the minister of finance does not show professional capacities to manage public finances.

The BCS considers a series of measures should be taken, such as the revision of the 2022 state budget so as to reflect the real inflationist situation in its chapters based on data provided by the central bank, institution of a moratorium on state inspections and introduction of a zero VAT rate on the reinvested profit of business entities.

Under the Parliament’s Regulations, a no-confidence motion is debated in Parliament within 14 days of the submission, when the Standing Bureau decides.