Moldova's Public Debt: Not Large, but a Quarter of It Has Been Wasted

The current level of public sector debt in the Republic of Moldova is not one that creates problems. However, any debt is LARGE when the borrowed money is thrown to the wind, and SMALL when the borrowed money is used for the prosperity of current and future generations. Regrettably, bank fraud and the inefficient spending of public money have turned a relatively small debt into an unjustified burden for the taxpayers of the Republic of Moldova.