At the end of 2025, the total amount of state debt is envisaged at 136 billion lei. During the year (February to February), the total state debt increased by 18%, or by 18.5 billion lei. Its specific weight has also increased: in annual terms – by 3 percentage points. In February, it amounted to 35.2% of the GDP. The main “merit” is attributed to the state’s internal borrowings. The contribution of external loans was less significant.
“Given the upcoming elections and stagnation in the economy, the financial needs of the government will inevitably grow. Borrowing in the domestic market will also grow. The increase in total government debt since the beginning of the year is already largely due to the growth of domestic debt as a result of the issue of government securities and favorable securities market conditions,” says economist Volodymyr Golovatyuk.
In February, the internal state debt grew by 1 billion lei, while in March – by 1.5 billion lei. On March 31, the volume of domestic borrowings amounted to about 47 billion lei. The significant amount of external credit support from the EU, expected by the government, will support the upward trend of the total debt liabilities.
