The regulator publishes macroeconomic reviews and financial accounts statistics reflecting the national economy’s net financing needs from domestic and external sectors.
According to preliminary data, the national economy’s net financing requirement in the first quarter of 2026 amounted to 14.456 billion lei, which is 5.508 billion lei less than in the first quarter of 2025.
At the same time, the ratio of net financing needs to gross domestic product (GDP) stood at 18.7%, which is 8.7 percentage points lower on a year-over-year basis.
The key factors behind the decline in financing needs were a stagnation in investment—which has led economic agents to cut back on business development—as well as a drop in household incomes and a deficit in private investment. There is virtually no inflow of foreign direct investment into the country.
Typically, this trend creates a disinflationary environment, forcing the central bank to adjust monetary policy. However, judging by its latest monetary policy decisions, the NBM does not plan to stimulate demand or lower the key interest rate.
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