The legislative body abrogated the Law of 2016 concerning the issuing of payment bonds deriving from the state guarantees of November 17, 2014 and April 1, 2015 after giving two readings to a relevant bill on December 16, IPN reports.

Socialist MP Petru Burduja, who is one of the bill authors, said in Parliament that the bill is aimed at eliminating the additional fiscal pressure on the population and the economy of the Republic of Moldova and at efficiently using the financial resources accumulated by the state as taxes in the interest of the citizens and at preventing a substantial increase in the state debt.

“It is at least incorrect to make the repayment of the money stolen from the banking system the people’s burden and this is an additional fiscal burden for the state. The citizens should not answer for the mistakes made by the former governments,” stated the MP.

Under the bill, the Government, within three months of the coming into force of the law, will work out and propose the measures needed to solve the problem of indebtedness of Banca de Economii, Banca Socială and Unibank to the National Bank of Moldova.