The demand for the purchase of government securities continues to exceed the supply. Moreover, the population has actively joined the process of lending to the government.
Only in April, SS were sold for more than 4 billion lei. In the first 4 months since the beginning of the year – to the total amount of 15.2 billion lei.
The growth of sales is largely due to the high profitability of the investment instrument. The average level of SS placement in April 2025 was offered based on 9.85%, while for annualized securities – 10.2%. Whereas the average interest on loans is only 8.60%.
Citizens, too, have the opportunity to invest directly in government-guaranteed and tax-free government securities with a fixed interest rate.
The second session of GS floatation through the electronic platform ended on April 30 with a similar excess of demand. With the indicative volume of SS primary issue of 25 million lei, citizens bought securities with maturity term of 2 years and fixed interest rate of 7.8% per annum in the amount of 41,332 million lei. With maturity term of 3 years and fixed rate of 8% per annum – to the amount of 32.803 million lei.
Thus, the domestic public debt continues to grow. In April 2025, it increased by another 1.3 billion lei and amounted to 48.1 billion lei (44 billion lei – at the beginning of the year). The direct contribution of the population to the support of the national economy is not insignificant, given the transition to a monthly schedule of emission transfers. Taking into account the agitated demand for government securities in recent months, the Ministry of Finance will have no difficulties with the placement of government securities.
