Moldova Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
Moldova's budget deficit was -3.58% in 2025, ranked 117th globally. This represents a 8.0% increase from 2024. Data from IMF WEO, covering 1995–2025.
Overview
Moldova's budget deficit stood at -3.58% in 2025, a rise of +0.31% from 2024. The IMF projects -3.58% by 2025. Moldova ranked 117th globally.
Moldova’s general government budget deficit has widened to –3.58 percent of GDP in 2025, placing the country at rank 117 globally and closely matching the Philippines (–3.57) and Malaysia (–3.60). The deficit trajectory has been volatile over the 31‑year series, moving from an early‑stage shortfall of –2.58 percent in 1995 to a pronounced trough of –7.47 percent in 1997, before swinging to a rare surplus of 1.44 percent in 2005 – the only positive reading in the record. Since the 2005 peak, fiscal balances have generally drifted back into deficit, reflecting persistent structural pressures such as limited tax capacity and higher social spending. The recent widening to –3.58 percent suggests that fiscal consolidation remains challenging, although modest improvements in revenue collection could temper further deterioration. Continued reforms aimed at broadening the tax base and enhancing expenditure efficiency will be crucial to reverse the current deficit trend.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -3.48% | - | - |
| 2029* IMF | -4.41% | - | - |
| 2028* IMF | -5.36% | - | - |
| 2027* IMF | -5.53% | - | - |
| 2026* IMF | -4.41% | - | - |
| 2025* IMF | -3.58% | - | - |
| 2025 | -3.58% | +0.31% | #117 |
| 2024 | -3.88% | +1.25% | #65 |
| 2023 | -5.13% | −1.89% | #45 |
| 2022 | -3.24% | −0.62% | #88 |
| 2021 | -2.62% | +2.70% | #124 |
| 2020 | -5.32% | −3.85% | #110 |
| 2019 | -1.47% | −0.61% | #105 |
| 2018 | -0.85% | −0.20% | #119 |
| 2017 | -0.65% | +0.91% | #137 |
| 2016 | -1.56% | +0.37% | #120 |
| 2015 | -1.93% | −0.33% | #123 |
| 2014 | -1.60% | −0.04% | #127 |
| 2013 | -1.57% | +0.37% | #114 |
| 2012 | -1.93% | +0.12% | #108 |
| 2011 | -2.05% | +0.13% | #107 |
Detected Pattern
Analysis
Moldova matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw budget deficit improve within 24 months. View full analysis →
Frequently Asked Questions
Moldova's budget deficit was -3.58% in 2025. Ranked 117th globally. This represents a 8.0% increase from the previous year.
Moldova's budget deficit peaked at 1.44% in 2005.
The lowest budget deficit in Moldova was -7.47% in 1997.
Moldova ranks 117th globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
Moldova's budget deficit is projected to reach -3.58% by 2025 based on IMF projection.
The budget deficit of Moldova in 2025 was -3.58%. This ranks 117th in the world.
Cite this page
@misc{historysaid_moldova_budget-deficit,
title = {Moldova Budget Deficit},
url = {https://historysaid.com/moldova/budget-deficit/},
publisher = {HistorySaid},
year = {2026}
}