Moldova Government Prognoses Growth of State Debt by 38,3%
OREANDA-NEWS. July 01, 2010. This prognosis was taken into account when developing the amendments to state budget of Moldova for 2010, that the parliament has approved during two readings at once.
As the Minister of Finance Veaceslav Negruta has informed, it is planned that the state debt as of December 31, 2010 will amount to 20 billion 227.4 million leis, increasing as compared to December 31, 2009 by 5 billion 605 million leis (USD436.5 million) or by 38.3%. It is planned that the share of state debt in relation to GDP of Moldova will increase from 24.4% to 30.2%. In the structure of state debt the share of external state debt will amount to 73.8%, and the share of internal one – to 26.2%.
As it is expected, as of December 31, 2010 the internal state debt of Moldova will amount to 5 billion 304.9 million leis and will be completely formed from state securities. The share of this debt in relation to GDP will amount to 7.9%. According to prognoses, the external state debt of Moldova as of December 31, 2010 won’t exceed USD1 billion 204.3 million, and the internal state guaranteed debt will amount to USD6.4 million.
In relation to GDP of Moldova the share of external state debt will amount to 22.2%. State debt service payments (on total sum and the percentages) in 2010 will amount to 1.9% of GDP of Moldova. External payments in 2010 will amount to 791.5 million leis (USD63.4 million).