The Problem of Debts to the Budget, or How to Strengthen the Management of Budgetary and Tax Receivables
Automatically translated summary. The full text is available in Romanian.
An analytical note by Independent Think Tank “Expert-Grup” examines the debts owed by Moldovan businesses to the National Public Budget. It finds that arrears stood at just over MDL 11.52 billion in 2024, equal to 3.6% of GDP, and argues that managing and recovering these receivables must be strengthened.
The arrears equal over 17% of 2024 fiscal and budgetary revenues, estimated at more than MDL 66.6 billion, and about 9% of total public debt of roughly MDL 126 billion (around 40% of GDP). More than half is principal debt, while the rest consists of fines, penalties and late-payment surcharges imposed by the State Tax Service.
Over MDL 8.2 billion is owed by companies in insolvency or bankruptcy proceedings, and much of the debt dates back about a decade, to the bank fraud. The ten biggest debtors in insolvency together owe about MDL 3.2 billion. The largest, a foreign-owned company in insolvency since 2023, owes about MDL 640 million and, according to a RISE Moldova investigation, was linked to fraud and money laundering. The note points to a critical lack of efficiency in debt recovery.
Recent publications from Public finance
See all
State-Owned Companies: Inquiry Committee Report Confirms a Worrying Diagnosis and Proposes an Action Plan That Can No Longer Be Postponed
Moldova must launch a broad fiscal consolidation reform to bring the budget deficit within manageable limits
Monitoring Report on the Implementation of the State Property Management Strategy for State-Owned Enterprises and Companies with Fully or Majority State Capital
