At the end of the first quarter of this year, the net financial value of the national economy amounted to -103.5 billion lei, as opposed to -107.5 billion lei at the end of last year. Thus, according to the National Bank of Moldova, the national economy remains clearly indebted to “the rest of the world”, IPN reports.

According to the NBM, the evolution in the first quarter of this year was due to the sharper increase in the stock of assets (+2.3 percent compared to the end of the fourth quarter of 2023) against that of liabilities (+1.6 percent).

The household sector continues to be the net creditor of the national economy, and the non-financial corporations sector, the financial corporations sector and the public administration sector are, as in the previous periods, in the position of net debtor.

The household sector recorded a net financial value of 236.3 billion lei, up 3.2 percent compared to the value of 229.0 billion lei recorded at the end of 2023.

The NBM noted that the non-financial corporations sector is the sector in which the highest net debtor (negative) financial value is still recorded. On March 31, 2024, it amounted to -288.9 billion lei, up 2.7 percent. This sector had the most significant impact on the change in the net financial value of the national economy through its negative contribution of -7.1 percentage points.

The negative net financial value of the public administration decreased by 10.8 percent to -31.2 billion lei. Also, the negative net financial value of financial companies declined by 2.5 percent to -19.7 billion lei.