SMEs should be helped to avoid bankruptcy, Maia Sandu

President-elect Maia Sandu said the 2021 fiscal policy and state budget should include real not declared assistance for business entities as the economic system goes through a very difficult period. The small and medium-sized enterprises should be helped to avoid bankruptcy and layoffs.

Maia Sandu noted the PAS MPs will propose measures that would enable the business entities to agree state payments rescheduling plans without facing penalties. They will suggest exempting employers from paying salary taxes during a year if they reemploy persons who lost their jobs owing to the crisis and introducing the zero tax on reinvested profit.

The President-elect also insists on the earlier proposed measures, namely the loan guarantee fund and the compensation of salaries of employees amid the imposed restrictions.

Maia Sandu requested the Government to simplify the administrative mechanisms for accessing state assistance so that the support measures do not remain on paper.

According to her, the 2021 state budget should include resources for compensating agricultural farmsteads for the losses sustained because of drought and for helping people who lost their incomes due to drought and who do not have savings or other sources of livelihood.

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