Parliament in its autumn session carried 98 legal acts. Of these, 76 are laws, while 22 are decisions, IPN reports.
Of the 76 adopted laws, 50 are laws to amend other laws, 16 are basic laws, while 10 are laws to ratify documents.
In the autumn session, the MPs passed in the final reading the 2017 National Public Budget, which provides for revenues of 51.1 billion lei and an expenditure of 55.4 billion lei. The budget deficit is 4.3 billion lei or 3% of the GDP.
Also, Parliament adopted in two readings the bill whereby patent-based retail trade is authorized until December 31, 2018 and the draft law to reform the pension system, by which the retirement age for men and women is equalized at 63, while the insurance period is increased to 34.
There were also approved two state loans from the International Monterey Fund, of almost US$44 million and about US$59 million, respectively, for financing the state budget deficit.
It should be noted that at the beginning of the Parliament’s session, on September 26, the Government assumed responsibility for seven laws whose adoption was a condition for signing the financing agreement with the IMF. This is a method of adopting laws without putting them to the vote in Parliament. The laws are considered adopted if Parliament does not propose a no-confidence motion within 72 hours of the assumption of responsibility.
The seven laws refer to bank resolution and remedying, the Common Central Securities Depository, amendment of the Law on the National Bank, issuing of state bonds, and amendment of the state budget, state social insurance budget and mandatory health insurance funds budget for 2016. One of these laws envisions the conversion of the loans provided by the central bank to the three robbed banks under state guarantee into public debt.
The autumn session started on September 23 and ended on December 23.
