Moldova's internal state debt rose by 690.56 million lei (+1.4%) in May, reaching a new record high of 48 billion 778.86 million lei
It should be noted that the previous record high of the internal state debt was recorded at the end of April, when it amounted to 48 billion 088.3 million lei. Overall, since the beginning of 2025, Moldova's internal state debt has increased by 4 billion 817.68 million lei (+10.9%). According to the Ministry of Finance, the internal state debt in January-May 2025 increased mainly due to an increase in the issuance of government securities on the primary market by approximately 4 billion 902.1 million lei, as well as the issuance of government securities worth 360.3 million lei through the eVMS.md electronic platform. At the same time, converted government securities worth 444.72 million lei were redeemed. In particular, as of the end of May, the debt on government securities issued on the primary market amounted to approximately 35 billion 142.9 million lei, which is 4 billion 902.06 million lei (16.2%) more than at the end of 2024 (30 billion 240.84 million lei), accounting for 72% of the total internal state debt. At the same time, the debt on bonds issued by the Ministry of Finance to fulfill payment obligations arising from state guarantees dated November 17, 2014 and April 1, 2015, amounted to 11 billion 421.2 million lei at the end of May 2025, unchanged compared to the situation at the end of 2024. It accounted for 23.4% of Moldova's total internal state debt as of the end of May 2025. At the same time, the debt on converted government securities as of the end of May 2025 amounted to 1 billion 624.8 million lei, down by 444.72 million lei (-21.5%) compared to the situation at the end of 2024 (2 billion 069.52 million lei), accounting for 3.3% of the total internal state debt at the end of May 2025. The debt on government securities issued through direct placement by individuals amounted to 589.96 million lei (1.2% of the total amount), increasing by 360.34 million lei (almost 2.6 times) compared to the situation at the end of 2024 (229.62 million lei). According to the Ministry of Finance, in January-May 2025, the weighted average interest rate on government securities (GS) sold at auction was 8.86% per annum, which is 3.9 percentage points higher than in 2024. By type of security, the yield was as follows: 91-day GS – 3.02%, 182-day GS – 8.44%, 364-day GS – 9.47%, 2-year Government Bonds (GB) – 7.82%, 3-year GB – 7.67% per annum, 5-year GB – 8.5%, 7-year GB – 8.96%. As previously reported by InfoMarket, Moldova's internal state debt in 2024 increased by 4 billion 295.06 million lei (+10.8%) and reached 43 billion 961.18 million lei. // 02.06.2025 – InfoMarket.
