Moldova plans to direct 1 billion 947.5 million lei in servicing the public debt in 2020, which is 277.9 million lei (16.6%) more compared to the expected updated figures for 2019.
At the same time, these expenses will amount to 0.9% of GDP. This is envisaged by the draft State Budget Law for 2020, which the parliament approved earlier in the first reading. According to the Ministry of Finance, in 2020 the cost of servicing an external public debt is estimated at 502 million lei (equivalent to $ 27.2 million). Compared with the indicator approved for 2019, the cost of servicing Moldova's external public debt in 2020 will increase by 44.3 million lei (equivalent to $ 0.6 million), which is mainly due to the projected depreciation of the national currency against other ...