Also, it is planned to buy 390 million lei worth of previously placed government bonds issued to fulfill payment obligations arising from state guarantees. This is stipulated in the draft law on the state budget for 2026, approved by the government.
The government, through the prime minister, confirmed the plans to finance the deficit by borrowing from internal and external sources, but did not detail specific figures for each financing instrument for 2026.
Finance Minister Adrian Havrilice mentioned that the government intends to reduce the burden on the budget by lowering the cost of debt servicing, which implies active management of public finances, including the placement of government securities.
Thus, the Finance Ministry forecasts that at the end of 2026, the balance of domestic public debt at nominal value will not exceed 63.07 billion lei (16.7% of GDP). This will include the debt on government securities issued on the domestic market, which will amount to 51.4 billion lei (81.5%), the debt on converted government securities – 983.7 million lei (1.6%), the debt on government bonds issued to fulfill payment obligations arising from state guarantees – 10.7 billion lei (16.9%).
In 2027-2028, 18.8 billion lei is planned to be allocated to finance the state budget deficit through the net issuance of SS on the domestic market. At the same time, it is expected to redeem SS issued to fulfill payment obligations arising from state guarantees by 420 million lei in 2027 and 450 million lei in 2028. Thus, the balance of domestic public debt at nominal value in 2027-2028 will increase from 72.5 billion lei at the end of 2027 to 81 billion lei at the end of 2028.
