OREANDA-NEWS. February 11, 2010. As it was informed in the Ministry of Finance, the internal public debt amounted to 5 billion 104,9 million leis, increasing in comparison with the beginning of the last year by 1 billion 595 million leis or 45.4%.

This was due to the increase in the emission of the government securities (GS) amounting to 1 billion 145 million leis and their placement by subscription for USD 450 million. The revenue of 1 billion 595 million leis was used to finance measures envisaged by the Law on the State Budget for 2009.

The cost of servicing the public debt amounted to 838.5 million leis and repayment of the basic debt- 568.8 million leis, respectively. In fact, servicing of the public debt amounted to 99,5% of the funds allocated for this period and the repayment of the basic debt - 98,9%, respectively. According to the MOF, in 2009 the servicing of the public domestic debt required 629.9 million leis, or 99.9% of the amount provided in the Law on the State Budget for 2009.

Of this sum, 352.8 million leis, or 56% was used for the payment of interests on the convertible state securities and 277.1 million leis, or 44% - for payment of interests and state securities coupons. The average interest rate on government securities, sold in 2009, amounted to 9.35%, decreasing as compared with 2008 by 8,6 percentage points. The service of the public external debt in 2009 required US 767.4 million leis.