• Moldova’s Total Government Debt Reached a New Record, Exceeding €3.05 Billion

    Moldova’s Total Government Debt Reached a New Record, Exceeding €3.05 Billion
    26 July 2020 | 11:32

    From May 2019, the total government debt increased by over €382.53 million, reaching a new record of over €3.05 billion.   

    In May 2019, total government debt was over €3.02 billion (59.38 billion lei), writes InfoMarket. According to the Ministry of Finance, in January-June 2020, the total government debt increased by over €382.53 million (7.5 billion lei) or by around 14.3 percent, amounting to over €3.05 billion (59.99 billion lei) at the end of June. 

    The increase of the debt was determined by the increase of the internal public debt and of the external debt, expressed in lei. Thus, the domestic public debt increased in January-June 2020 by over €173.26 million (3.39 billion lei). Subsequently, at the end of December 2019, the domestic public debt was over €1.18 billion (23.168 billion lei), increasing up to €1.35 billion (26.565 billion lei) at the end of June 2020. 

    At the same time, the external debt in lei increased in the same period by over €209.27 million (4.103 billion lei). The external debt increase from over €1.49 billion (29.326 billion lei) to €1.7 billion (33.429 billion lei). 

    The share of total government debt in GDP increased from 25 percent at the end of 2019 to 29.2 percent at the end of June 2020. According to the data, the GDP in 2019 was over €10.71 billion (210.098 billion lei), and in 2020 it is estimated at €10.46 billion (205.2 billion lei). 

    InfoMarket previously wrote that in 2019 Moldova’s total government debt increased by €24.56 million (481.7 million lei), amounting to €2.67 billion (52.49 billion lei). In 2019, domestic public debt increased by €5.58 million (109.6 million lei) from €1.175 billion (23.058 billion 058.6 lei) to €1.18 billion (23.168 billion lei). During this period, the external debt in lei increased by €18.97 million (372.1 million lei), from €1.47 billion (28.954 billion lei) to €1.49 billion (29.326 lei).

    AUTHOR MAIL

     .

    Romania Donates to Moldova 100,000 Doses of Pfizer Vaccine

    The batch of 100,620 doses of Pfizer vaccine donated free of charge by Romania arrived in Chișinău on Friday, July 23. Romania has provided Moldova with a total of over 500,000 doses of the anti-COVID-19 vaccin…
    Romania Donates to Moldova 100,000 Doses of Pfizer Vaccine

    The Integrity Authority Accuses a Judge of Illicit Enrichment after a ZdG Investigation

    The National Integrity Authority found a substantial difference of over 60,000 euros between the property and income of judge Tatiana Avasiloaie, a magistrate at the Chișinău Court that owns a penthouse in the…
    The Integrity Authority Accuses a Judge of  Illicit Enrichment after a ZdG Investigation

    Romania Grants Moldova 300,000 Euros for Consolidating Civil Society and Independent Media

    Romania has granted Moldova 300,000 euros for the consolidation of the civil society and the independence of the media, announce the representatives of the Romanian Embassy in Chișinău. “This contribution…
    Romania Grants Moldova 300,000 Euros for Consolidating Civil Society and Independent Media

    EDITORIAL: The Rich Flee the Country!

    On July 19, the Central Electoral Commission confirmed the results of July 11. A day later, the Constitutional Court announced that by the end of the week it will complete the procedures for validating the elec…
    EDITORIAL: The Rich Flee the Country!

    OPINION POLL: Where should the Change of the New Parliament Begin?

    Our elected parliament may not go on summer vacation. At least that’s what the interim president of the Action and Solidarity Party, Igor Grosu, announced in a TV show. Grosu motivated that his party has…
    OPINION POLL: Where should the Change of the New Parliament Begin?

    INVESTIGATION: Gas Station Owners: Cartel Agreements in an Uncompetitive Market

    Over the past two years, the six largest players in the oil market in Moldova have replaced the competitive process with a friendly form of control, have dictated prices, and have sold the same quality of petro…
    INVESTIGATION: Gas Station Owners: Cartel Agreements in an Uncompetitive Market