Moldova's state social insurance budget ended the first nine months of 2026 with a deficit, while revenues and expenditures increased significantly compared to last year. Transfers from the state budget and trends in mandatory contributions played a significant role in shaping the balance, but the overall gap between revenues and expenditures persisted.
Moldova Begins Drafting Budget Laws for 2027
An IMF mission will soon arrive in Moldova: the parties have already agreed on the agenda for the upcoming talks and discussed key issues related to the macroeconomic and fiscal situation. The focus will be on measures to support the population, priorities for cooperation, and potential international assistance to continue reforms and strengthen institutional capacity.
Since the beginning of 2026, the National Tax Administration has collected 68.6 billion lei for the national public budget, which is 7.1 billion lei (11.5%) more than during the same period last year
Moldova is discussing with the European Commission new measures to reduce the budget deficit and bring the financial sector into line with EU standards. The talks in Brussels also touched on tax reform, the restructuring of state-owned enterprises, and further conditions for receiving European support.
Moldova's national debt increased significantly in the first half of the year, while the structure of public debt continued to show mixed trends: some segments grew, while others shrank. The Ministry of Finance also disclosed changes in domestic and external debt, as well as in government guarantees and refinanced funds—the details show how the debt burden has changed across different parts of the sector.
Moldova enjoys a high level of trust from external partners and investors, but its financial stability must translate into investment, economic growth, and increased productivity and competitiveness—Vasile Tofan
Moldova's state budget deficit for January–August 2026 totaled 8.721 billion lei, which is 1.2428 billion lei (16.6%) higher than the figure for the same period in 2025.
Moldova's external public debt increased by $368.98 million (+7.7%) in January–August 2026, reaching $5 billion 179.59 million as of August 31
The Moldovan Parliament approved, in the first reading, amendments to the 2026 state budget that significantly increase both revenue and expenditures, while also raising the deficit to a new level. The amendments provide for additional payments to public sector employees, increased transfers for social and infrastructure needs, and the reallocation of funds across a number of areas; meanwhile, ahead of the second reading, lawmakers have submitted several dozen more proposals, some of which have already received support.
Moldova's state social insurance budget ended the first eight months of 2026 with a surplus, while revenues and expenditures increased significantly compared to last year. Mandatory contributions and transfers from the state budget played a significant role in this outcome, while certain tax sources related to the IT sector and self-employed individuals stood out in the revenue structure.
During the second reading, members of Parliament proposed 22 amendments to the 2026 State Budget Law, providing for additional expenditures and other budget payments totaling 3 billion 086.5 million lei and the reallocation of 527.8 million lei
In 2025, the amount of grants received by Moldova increased significantly, with the bulk of the funds directed toward supporting the state budget. The report on foreign aid also notes a high rate of disbursement of these resources and the growing role of international financing in the context of reforms and European integration.
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