One step forward, three back?

Members of the Parliamentary Committee on Economic Policy, Budget and Finance discussed the president's proposal to suspend a number of articles of the May Law "On some additional government measures aimed at minimizing the negative impact of external economic factors". This document, originally developed by the President, was at one time extended by Parliamentarians. Addendum related to the compulsory sale of the proceeds from the sale of electricity to the state foreign exchange reserves, placing SOE accounts in the Savings Bank and the Chamber of Accounts of the right to check the state-owned commercial banks. President signed a law adopted by the Supreme Council, appealed to the Constitutional Court with a request to verify the constitutionality of these norms. The trial on the case is in the process, but the head of state launched a new initiative: before the court decision to suspend the aforesaid articles. The profile parliamentary committee were opposed.

Deputies reminded that according to the results of 2015 - the first quarter of 2016 more than $ 20 million was withdrawn from Pridnestrovian Moldavian Republic through a scheme related to "Energokapital". This amount is comparable to the current imbalance in the foreign exchange market. Parliamentarians focused on the fact that it is the money, which today does not suffice for uninterrupted procurement of essential goods for the population, fertilizer and fuel for agricultural raw materials for manufacturers.

The current three month rule requiring one hundred percent implementation of the state reserve currency, contributed to positive changes in the foreign exchange market of the republic. The proposal of the President to suspend caused confusion among parliamentarians. They were trying to determine whether potential risks are assessed by the adoption of the presidential initiative, but representatives of the PRB ignored the session of the Committee, spokesman of the head of state considered this question is not relevant to the essence of the law-in-draft, and the government has not found anything to say about it.

Discussion of the question of whether the suspension and the other two articles of the law "On some additional government measures aimed at minimizing the negative impact of external economic factors" was in a similar course.  We are talking about the powers of the Accounting Chamber to check the state-owned commercial banks (this rule appeared in connection with the need to seek additional sources of replenishment of the budget) and placement accounts of SUEs in Sberbank.

As a result, members of the Committee on Economic Policy, Budget and Finance decided to recommend to the plenary to reject the president's initiative.