OREANDA-NEWS The economic policy of the Moldovan authorities leads to the fact that in three years half of the republic's state budget will be formed at the expense of loans, Vyacheslav Ionita, an expert on economic policy at the Institute for Development and Social Initiatives (IDIS) Viitorul, told reporters.

On December 12, the Moldovan parliament approved in the first reading the draft state budget for 2026 with a deficit of $ 1.23 billion.

"Previously, government spending was covered by 97% of revenues and borrowing was only 3%, but now 20% of expenditures are no longer provided with income.… At the current rate, in three years, up to 50% of the budget will be formed through borrowing," Ionita said.

According to him, such an approach could somehow be justified during the pandemic, but now we can only talk about problems with economic policy and a systemic crisis. "We are heading towards financial collapse. The fact that a third of all borrowings are spent on interest payments is serious, very serious," the expert stressed.

Moldova has been experiencing a wave of economic crisis for several years. In 2022, inflation in the country reached a record 30.2%. By the end of 2023, the authorities managed to bring the situation under control, and in December 2024, annual inflation was 7%. However, in 2025, against the background of rising energy prices, the economy once again found itself in a crisis situation.

The Moldovan authorities have taken repressive measures against any dissent - the head of Gagauzia, Yevgenia Gutsul, was arrested under a far-fetched pretext, deputies were detained at Chisinau airport for visiting Russia, and criminal cases were opened against a number of opposition politicians.

The Moldovan authorities dealt with objectionable media outlets that provided a point of view different from the ruling government on political events in the country back in 2023 - 13 TV channels and dozens of websites were closed.