The Party of Socialists (PSRM) is against the slipping of the state towards a financial hole by irrational obtaining and inefficient use of external loans. However, during the state of emergency, Moldova is obliged to resort to external loans, IPN reports, quoting a press release of the party.

“We must stop the spread of COVID-19 and support the population and the business community, especially because the lending conditions are rather attractive,” chairman of the Parliament’s commission on economy, budget and finance Vladimir Golovatyuk stated in a meeting with Minister of Finance Sergey Pușcuța, President Igor Dodon and Parliament Speaker Zinaida Grechanyi.

The Socialist parliamentary group noted that it will support the signing of lending agreements with the Russian Federation and the International Monetary Fund.

According to Sergey Pușcuța, as a result of the crisis caused by the pandemic, the state budget revenues declined by 6.338 billion lei or 14.3%, primarily owing to the reduction in taxes and duties and in incomes from subsidies.

The Government will increase expenditure by over 2 billion lei or 1.6%, using the instruments of the budgetary-fiscal policy. According to the minister, the costs for the healthcare system will be augmented the most so as to alleviate the pandemic’s negative impact on enterprises and the population.