Government expects 28-percent increase in state external debt

The Moldovan Government predicts a 28-percent rise in its external debt, an equivalent of around 1.19 billion U.S. dollars in 2010.

At the end of the third quarter of 2009, Moldova's total external state debt reached more than four billion dollars.

In December 2010, the state's external debt is expected to be worth about 23.5 percent of the Gross Domestic Product.

The country has been borrowing considerable sums of money from the IMF and other organizations in order to cover a huge budget deficit.