OREANDA-NEWS. On August 12, 2009 The First Vice-Premier, Minister of Economy and Trade Igor Dodon said answering journalists’ questions after the government’s sitting that the state risks less selling state securities in the home market to replenish the budget than attracting resources from foreign markets.

According to him, for Moldova to be able to take foreign credits, it is necessary to carry out a number of economic reforms. To do that, the new Parliament will have to alter 50 bills developed by the current government.

At the same time, in Igor Dodon’s opinion, the new government’s only solution to support the solvency in the medium- and long-term outlook is to sign new agreements on crediting with foreign partners.

The Ministry of Finance allocated over 1 billion leis to finance budget for 7 months of 2009 at the expense of state securities sales in the home market, while, according to data as of the beginning of 2009, the amount of funds attracted by means of state securities totaled 1.66 billion leis for 15 years of existence of this market.