SALARIES IN PUBLIC SECTOR TO BE PRESERVED INTACT – PRESIDENT

All employees of the public sector will be receiving salaries in full and without any changes, stated Igor Dodon during the traditional weekly live Q&A communication with citizens on his YouTube channel and in social networks held every Friday morning.

He said that the Government included necessary funds for this in the budget. To cover the budget deficit, all the possible variants will be used, including loans on the internal and external markets, as well as credits from international financial institutions, such as the International Monetary Fund, the World Bank, the Council of Europe Development Bank and the European Bank for Reconstruction and Development.

According to him, the Moldovan economy’s losses may reach 6-7 billion lei, depending on the length of the pandemic. Speaking about support to businesses in this situation, the president said that the Government will not allow starting the money machine and print the lei without proper insurance for these.

“Such an approach may lead to the situation when we depreciate the national currency, which is unacceptable”, Dodon said.

According to him, the Government is now preparing the second package of decisions for the economic block, which is aimed at supporting economic agents during the state of emergency.

He said that he addressed to the leadership of the National Commission for Financial Market (NCFM) with a request that nonbank credit organizations and banks to cancel the penalties and fines for delay in covering the loans and to postpone the payments for later.

Speaking about the slight decline in the Moldovan leu exchange rate to MDL18.04 : US$1, Igor Dodon said that the National Bank of Moldova (NBM) has sufficient reserves to prevent the national currency falling.

“The Moldovan leu exchange rate growth gives support to exporters, which are supplying goods to countries, where local currencies are falling, for example to Russia”, Dodon said.

The president also said that the national currency exchange rate decline will not lead to growth of regulated tariffs, in particular on natural gas, electricity, diesel and gasoline.