The Supreme Council began work to maintain balanced budget

Changes are needed in the laws on budgets - the republican and the Unified State Social Insurance Fund in order to maintain a balance of expenditures and budget revenues for 2020, which will allow the state to fulfill all social obligations. The situation is unforeseen, the republican budget, according to the forecasts of the Government, may lose up to 400 million rubles of planned revenues. The reason is negative events for the economy both in the world and in Pridnestrovie.

The speaker noted: the law-in-draft has been developed precisely to maintain a balanced budget for socially protected items. A group of deputies worked on it. Parliamentary committees analyzed the expenditure side of the law on the republican budget and the budget of the unified social insurance fund, and proposed measures to redistribute income and reduce part of the cost.

It is proposed to redistribute funds for financing social obligations from the Investment Fund, as well as direct it to cover the deficit by reducing or suspending the financing of some targeted programs and other items.

He noted that amendments to the laws on the republican budget and the Unified State Social Insurance Fund budget adopted today in the first reading will also make it possible to more effectively implement measures to counteract the coronavirus epidemic related to payments to entrepreneurs, with tax exemption, and to resolve issues of supporting agricultural enterprises that have suffered from drought.

The Supreme Council by the second reading should work out a common decision with the Government in each direction and for each article of expenditure of the republican budget.