Moldova's internal state debt increased by 502.35 million lei (+1.1%) in September, compared to the previous month, amounting to 47 billion 859.54 million lei
At the same time, since the beginning of 2025, it has increased by 3 billion 898.36 million lei (+8.8%). It should be noted that as of the end of August, the internal state debt amounted to 47 billion 357.19 million lei, and its record high was at the end of May, when it amounted to 48 billion 778.86 million lei. As of the end of last year, this figure was 43 billion 961.18 million lei. According to the Ministry of Finance, the internal state debt in January-September 2025 increased mainly due to an increase in the issuance of government securities on the primary market by 4 billion 560.9 million lei, as well as the issuance of government securities through the eVMS.md electronic platform for approximately 423.3 million lei. At the same time, converted government securities worth 1 billion 085.79 million lei were redeemed. In particular, as of the end of August, the debt on government securities issued on the primary market amounted to approximately 34 billion 801.7 million lei, which is 4 billion 560.86 million lei (15.1%) more than at the end of 2024 (30 billion 240.84 million lei), accounting for 72.7% 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 September 2025, unchanged from the situation at the end of 2024. It accounts for 23.9% of Moldova's total internal state debt at the end of September. At the same time, the debt on converted government securities at the end of September amounted to 983.73 million lei, down by 1 billion 085.79 million lei (-52.5%) compared to the situation at the end of 2024 (2 billion 069.52 million lei), accounting for 2.1% of the total internal state debt at the end of September. The debt on government securities issued through direct placement by individuals amounted to 652.92 million lei (1.3% of the total amount), up by 423.3 million lei (more than 2.8 times) compared to the situation at the end of 2024 (229.62 million lei). According to the Ministry of Finance, in January-September 2025, the weighted average interest rate on government securities sold at auction was 8.99% per annum, which is 4.03 percentage points higher than in 2024. By type of security, the yield was as follows: 91-day government securities - 3.02%, 182-day government securities - 8.82%, 1-year government bonds (GB) - 8%, GB-2 years - 7.56%, GB-3 years - 7.38% per annum, GB-4 - 6.95%, GB-5 years - 8.04%, GB-7 years - 8.35%, GB-10 years - 8%. 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. // 02.10.2025 – InfoMarket.
