President orders to finance salaries and pensions at 80% since 1 October

09/30/15 17:48

President orders to finance salaries and pensions at 80% since 1 October

The president has held an extraordinary cabinet meeting

The cabinet members discussed issues related to publicly important draft laws, submitted by the President and government to the Supreme Council for consideration. Today, 30 September, it was the fourth time running when a quorum was not mustered to hold a Supreme Council plenary session, the president's press office reports.

Financial backing for salaries and pensions will be provided by the mechanism of levies on offshore transactions. The president said that he had signed the decree that charged the government with working out within a week a procedure for registering and collecting offshore duties on every offshore transaction.

«We will approve these measures at a sublegislative level. And the budget will profit from all offshore operations and, first of all, nonmarket transactions, and these revenues will provide the financing of salaries and pensions. This will become an additional source of the stabilisation of socio-economic situation for the majority of Pridnestrovian citizens. We require concrete resources which should be ensured with concrete decisions. The legislation allows us to take such difficult decisions; therefore, I have signed this decree," clarified the president.

The president charged the government to take under personal control the execution of this decree in a week's time.

«I order that within a week all expense items be suspended, the mechanism of temporary borrowing of funds from other budget items be implemented and since 1 October salaries and pensions be financed at an amount of 80%," said Yevgeny Shevchuk.

The president also mentioned that a number of draft laws aimed at providing bank transparency and creating legislative conditions for making a whole range of transactions and, in particular, offshore transactions legitimate. However, these bills were repeatedly rejected by the parliament's majority.

«Now we can quote some materials these bills are founded on. In the period of 2012 — July 2015 $1.328 billion was transferred to offshore companies. I want to emphasise that $1.085 billion was transferred by Agroprombank clients. $673 million was transferred to offshore companies, and $448 million of this sum was transferred by Aroprombank clients. The capital withdrawn from Pridnestrovie amounted to $292 million, taking into consideration an aggregate amount of money transferred and withdrawn from offshore accounts. The trend became threatening back in the first half of 2015. That is why, following the government's proposal, the president submitted to the parliament the offshore duty bill in the mode of legislative necessity. But again it was rejected. What is the trend? If Agroprombank clients withdrew $85 million in 2014, in the first half of 2015 they withdrew $81 million. So, we see that withdrawal trends are evident with regard to sum difference. The volume of transactions is threatening Pridnestrovie's economic security," underscored the president.

The president also ordered that «since today all major operations related to offshore zone services be taken under control of the KGB and the Interior Ministry; a weekly account be provided jointly with the Prosecutor's Office on additional revenues to the national budget and extra-budgetary funds with the purpose of ensuring growth of payments to our pensioners and public sector employees.»

 

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