
Moldova’s internal public debt in April 2023 increased by 1 billion 466.6 million lei (+ 4.2%) and reached a new record high of 36 billion 341.7 million lei.
In general, since the beginning of this year, it has increased by 1 billion 849.3 million lei (+5.4%). It should be noted that the previous record high of Moldova's domestic public debt was registered at the end of February 2023, when it amounted to 35 billion 086.4 million lei, and at the end of March its figure was 34 billion 875.12 million. According to the Ministry of Finance, the growth of domestic public debt in January-April 2023 occurred mainly due to an increase in the issuance of government securities in the primary market by 1 billion 920.9 million lei. In particular, as of the end of April 2023, the debt on government securities issued on the primary market amounted to about 22 billion 110.7 million lei, which is 1 billion 920.9 million lei (9.5%) more than than at the end of 2022 (20 billion 189.8 million lei), and it accounted for 60.8% 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 April 2023 amounted to 12 billion 061.2 million lei, without changing, compared to the situation at the end of 2021. It accounted for 33.2% of the total amount of internal public debt of Moldova at the end of April 2023. Herewith, the debt on converted government securities at the end of April 2023 amounted to 2 billion 169.63 million lei, having decreased, in comparison with the situation at the end of 2022 (2 billion 241.37 million), by 71.74 million lei (-3.2%) and amounting to 6% of the total amount of domestic public debt at the end of April 2023. According to the Ministry of Finance, in January-April 2023, the weighted average interest rate on government securities sold at auctions was 12.27% (by types of government securities: 91 days - 12.8%, 182 days - 12.15%, 364 days - 11.96%, 2 years - 15.79%, 3 years - 13.07%), which is 0.28 percentage points less compared to the same period in 2022. As InfoMarket previously reported, domestic public debt Moldova 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. //13.05.2023 — InfoMarket