Moldovan cabinet amends regulation on reserve, emergency funds’ management

19:31 | 16.12.2015 Category: Official

Chisinau, 16 December /MOLDPRES/-The acting cabinet today approved a regulation on the management of the government’s emergency funds. The documents provide for a joint normative basis of the management of the government’s reserve and intervention funds, the government’s communication and media relations department has reported.

The main amendments provide for qualitative changes in the structural procedure, as well as in the method used to establish the eligibility of the money earmarked from the emergency funds. Thus, money from the reserve fund may be used to finance unpredictable measures, impossible to be planned, while the intervention fund is meant to mitigate the negative consequences caused by exceptional situations.

Another amendment sees that the financial volume of the intervention fund may be supplemented by donations made by natural and legal persons.

The draft of the regulation was carried out taking into account the practices used by some EU countries, especially Slovenia and Romania.

(Editor A. Raileanu)

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