Moldova: public finances

How much debt does Moldova have?

Moldova's state debt was 147,729.6 million lei at face value on 31 August 2026, 14,952.5 million lei more than at the end of 2025, according to the Ministry of Finance's monthly state debt bulletin. That is about 38% of the 388 billion lei GDP the ministry projects for 2026.

Domestic debt made up 39.4% of the total. External state debt was US$5,179.6 million, 54.4% of it at variable interest rates. 33.7% of state debt falls due within a year. The IMF puts general government gross debt at 39.2% of GDP in 2025 and projects 41.8% for 2026, a broader measure that includes local government.

Official sources: Ministry of Finance: State debt statistical bulletin, August 2026 (PDF, Romanian) · IMF: General government gross debt, Moldova

What is Moldova's budget deficit?

Moldova's general government deficit was 3.9% of GDP in 2025, according to the IMF's World Economic Outlook database, after 4.0% in 2024 and 5.1% in 2023. The IMF projects 5.0% for 2026 and 5.5% for 2027.

The figure is net lending or borrowing: revenue minus spending across central and local government and social funds. The Ministry of Finance finances the deficit through state securities and loans and reports monthly on net financing in its state debt bulletin; net financing in August 2026 alone was 4,815.8 million lei. IMF figures are estimates and projections that are revised with each edition.

Official sources: IMF: General government net lending/borrowing, Moldova · Ministry of Finance: State debt statistical bulletin, August 2026 (PDF, Romanian)

What is Moldova's debt to GDP ratio?

The latest figure from the IMF, for 2025, is 39.2% of GDP. The peak was 42.1% of GDP in 2015 and the low 22.2% of GDP in 2008. Across Europe & Central Asia the middle value was 46.9% of GDP, and Moldova placed 33rd highest of 51. Of 185 countries with 2025 data, 133rd highest.

What is Moldova's fiscal deficit?

According to the IMF, general government net lending or borrowing in Moldova was -3.9% of GDP in 2025, a deficit. Its high point since 2005 was 2005, at 1.4% of GDP; its low point was 2009, at -6.4% of GDP. It is 38th highest of 51 in Europe & Central Asia, where the median is -2.4% of GDP. Of 188 countries with 2025 data, 126th highest.

How much revenue does Moldova's government raise?

According to the IMF, general government revenue in Moldova was 35.5% of GDP in 2025. Since 2005 it has ranged from 28.9% of GDP (2016) to 42.9% of GDP (2007). Europe & Central Asia median: 41.3% of GDP; Moldova is 36th highest of 50. Worldwide: 59th of 187.

How big is Moldova's government spending as a share of GDP?

In 2025, general government spending in Moldova was 39.4% of GDP, according to the IMF. Since 2005 it has ranged from 30.5% of GDP (2016) to 45.3% of GDP (2009). Across Europe & Central Asia the middle value was 43.3% of GDP, and Moldova placed 33rd highest of 50. Worldwide: 54th of 186.

What is tax revenue in Moldova?

In 2024, central government tax revenue in Moldova was 18.8% of GDP, according to the IMF. Since 2005 it has ranged from 15.2% of GDP (2010) to 20.6% of GDP (2007). It is 26th highest of 42 in Europe & Central Asia, where the median is 20.8% of GDP. Of 92 countries with 2024 data, 41st highest.

How much does Moldova spend on its military?

In 2025, military spending in Moldova was 0.6% of GDP, according to SIPRI. Since 2005 it has ranged from 0.3% of GDP (2010) to 0.6% of GDP (2008). It is 43rd highest of 46 in Europe & Central Asia, where the median is 2.0% of GDP. Of 149 countries with 2025 data, 136th highest.