Moldova’s internal public debt at the end of November amounted to 38 billion 968.1 million lei, having increased from the beginning of the year by 4 billion 475.7 million lei (+13%).
At the same time, in comparison with the previous month, with October, its figure decreased by 226.82 million lei (-0.6%), since at the end of October the internal public debt amounted to 39 billion 194.92 million lei. The record maximum of domestic public debt was recorded in September 2023, when it amounted to 39 billion 823.97 million lei. According to the Ministry of Finance, the growth of domestic public debt in January-November 2023 was mainly due to an increase in the issue of government securities on the primary market by 4 billion 893.7 million lei. Herewith, government securities issued to fulfill payment obligations arising from state guarantees were purchased in the amount of 310 million lei. In particular, as of the end of November 2023, the debt on government securities issued on the primary market amounted to about 25 billion 083.46 million lei, which is 4 billion 893.67 million lei (24.2%) more than at the end of 2022 (20 billion 189.8 million lei), and its share accounted for 64.4% of the total domestic public debt. Herewith, 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 November 2023 amounted to 11 billion 751.2 million lei, decreasing by 310 million lei (-2.6%), compared with the situation at the end of 2022 (12 billion 061.2 million lei). Its share accounted for 30.1% of the total amount of Moldova’s internal public debt at the end of November 2023. Meanwhile, the debt on converted government securities at the end of November 2023 amounted to 2 billion 133.43 million lei, decreasing in comparison with the situation at end of 2022 (2 billion 241.37 million), by 107.94 million lei (-4.8%) and amounting to 5.5% of the total amount of domestic public debt at the end of November 2023. According to the Ministry of Finance, in January- in November 2023, the weighted average interest rate on government securities sold at auctions amounted to 8.83%; which is 8.62 percentage points less compared to the same period in 2022. By type of security, return for 9 months amounted to: GS-91 days – 9.49%, GS-182 days – 9.13%, GS-364 days – 8.37%, government bonds-2 years – 9.3%, government bonds-3 years – 8.49%, government bonds-5 years - 7.29%, government bonds-7 years - 8.53%, government bonds-10 years - 8.25% (GS - government securities, GB - government bonds). As previously reported by the InfoMarket agency, Moldova's internal 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. // 05.12.2023 — InfoMarket
