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Moldovan government prepares regulation for backing beneficiaries of First Home programme

09:45 | 25.07.2022 Category: Economic

Chisinau, 25 July /MOLDPRES/ - The Finance Ministry has worked out a regulation on the compensations within the First Home Programme. The subject was tackled by Prime Minister Natalia Gavrilita at a today’s cabinet meeting. The PM demanded that this public be made public urgently.    

„We informed that we would support the beneficiaries of the First Home Programme and the people should know how this process will be carried out. Therefore, this regulation must be urgently published, so that we can approve the project at the next cabinet meeting,’’ Natalia Gavrilita said.  

This month, the central authorities undertook more measures in the context of the First Home Programme and the increase in the interest rate on the loans active within the First Home programme will be limited. The Economics Ministry worked out a draft law proposing the attenuation of the shock on the society, as a result of the increase in the reference index for setting the maximal rate of the interest for the First Home programme.     

„In the present conditions, the interest rate grew by 5.35 percentage points, from 7.37 per cent to 12.72 per cent. Following the approval of the draft law, the concerned increase will be limited to 4 percentage points during six months and 6 percentage points during 12 consecutive months. Thus, the increase of the interest will be cut by 1.35 percentage points or by one quarter from the increase applicable according to the initial conditions set by the First Home programme. According to the future law, the interest rate will be revised twice per year,’’ Economics Minister Sergiu Gaibu said at a news conference on 13 July.    

Additionally, till the approval of the concerned draft law, the participants in a meeting of the Commission for Emergency Situations will issue an instruction establishing the maximal limit of the annual interest rate on the loans provided within the First Home state programme. Its value will not exceed 11.37 per cent. I.e. by 1.35 percentage points less than according to the standard conditions of the First Home programme. The concerned limiting will be enforced starting from 1 July 2022 and the increased interests will be readjusted to the provisions of the Commission for Emergency Situations.    

Presently, the programme has 7,601 beneficiaries.



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