Payroll did not shrink, Government maintain

MOLDOVA

Though economic indicators fell in most spheres of activity, the aggregate payroll fund in January-July 2009 did not diminish.

On the contrary, it grew up by 4.2% against the first 7 months of the previous year, Deputy Minister of Economy and Trade Sergiu Sainciuc stated during his meeting with Acting Prime Minister Vitalie Pirlog on Tuesday.

The Government’s press service today quoted Sainciuc as saying that in the public sector the payroll grew up by 600.8 million lei (+22.6%) reaching 3.2 billion lei, while in the real economy sector the payroll dropped by 194 million lei.

Deputy Minister of Finance Viorel Dandara stated to the Acting Prime Minister that as of today, salaries and pensions have been repaid fully.

National Bank Vice-President Victor Cibotaru stated situation in the banking sector is stable, and commercial banks have liquidity fully sufficient for carrying out all banking operations. He pointed out a fall in the demand on governmental securities and rates on them.