The internal public debt of Moldova at the end of March 2023 amounted to 34 billion 875.12 million lei, having increased by 382.8 million lei (1.1%) since the beginning of this year.
According to the Ministry of Finance, the growth of domestic public debt in January-March 2023 occurred mainly due to an increase in the issuance of government securities in the primary market by 425.9 million lei. In particular, as of the end of March 2023, the debt on government securities issued on the primary market amounted to about 20 billion 615.71 million lei, which is 425.9 million lei more (2.1%) than end of 2022 (20 billion 189.79 million lei), and it accounted for 59.1% of the total domestic public debt. At the same time, the debt on bonds issued for the fulfillment by the Ministry of Finance of payment obligations arising from state guarantees dated November 17, 2014 and April 1, 2015, at the end of March 2023 amounted to 12 billion 061.2 million lei, without changing, compared to the situation at the end of 2021. It accounted for 34.6% of the total domestic public debt of Moldova at the end of March 2023. Herewith, the debt on converted government securities at the end of March 2023 amounted to 2 billion 198.21 million lei, having decreased, in comparison with the situation at the end of 2022 (2 billion 241.37 million), by 43.16 million lei (1.9%) and amounting to 6.3% of the total amount of domestic public debt at the end of March 2023. According to the Ministry of Finance, in January-March 2023, the weighted average interest rate on government securities sold at auctions was 13.35% (by types of government securities: 91 days - 13.73%, 182 days - 13.29%, 364 days - 13.06%, 2 years - 15.79%, 3 years - 13.07%), which is 1.8 p.p. more compared to the same period in 2022. As InfoMarket previously reported, internal Moldova's public debt in 2022 increased by 1 billion 211 million lei (+3.6%) and amounted to 34 billion 492.37 million lei at the end of December. The record high of the internal public debt of Moldova is 35 billion 086.4 million lei and was registered at the end of February 2023. // 05.04.2023 — InfoMarket.
