Socialist MPs ask for control of constitutionality of “billion law”

The parliamentary group of the Party of Socialists requests to establish the constitutionality of the “billion law” by which state guarantees of about 14 billion lei were provided for covering the bank theft. In a press briefing, Socialist MP Vlad Batrîncea, who runs for MP on behalf of the Electoral Bloc of the Communists and the Socialists, said that following those secret, nocturnal decisions aimed at covering the bank fraud, the Government practically undertook to fill that gap that appeared in the national public budget as a result of the theft, IPN reports.

“Instead of using this money for increasing the salaries and pensions, for supporting the farmers, for repairing roads and creating new jobs, the Government that included current President Maia Sandu shifted onto the people the responsibility for the debt of 14 billion lei that, together with interest, represents 25 billion lei,” said the MP

Vlad Batrîncea reminded that the Socialist parliamentary group in the tenth legislature for two times tried to obtain the revocation of the “billion law”, but the Constitutional Court, being politically guided by President Maia Sandu, annulled the Parliament decision. He voiced hope that this time the High Court will take all the legal arguments, constitutional norms and the people’s interests into account and will cancel this shameful debt.

The law of 2016 regulated the issuing of state bonds for executing the state guarantees provided to the National Bank of Moldova by the Ministry of Finance for guaranteeing the emergency loans for Banca de Economii, Banca Socială and Unibank. In December 2020, on the initiative of the Party of Socialists, the law was abrogated. In March 2021, the Socialists’ initiative was declared unconstitutional by the Constitutional Court.

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