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).

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