Authorities in the Transnistrian region plan to redirect local banks’ “undistributed profit” to the state budget to cover public sector salaries amid reduced gas deliveries.
The measure appears in amendments to the so-called law on “measures to minimize the negative impact on the economy caused by the reduction or interruption of natural gas supplies,” according to the IPN correspondent in the region.
The document stipulates that the 2024 profit of state-owned banks and banks with partial state capital, including the Transnistria Savings Bank and the Export-Import Bank, will serve as an additional source to supplement central budget revenues.
The initiative’s authors argue that these funds will ensure timely payment of public sector salaries and maintain economic stability in the region, which currently faces an energy crisis. The explanatory note of the draft law warns that without this measure, the state risks “non-fulfillment of its social obligations.”