Ion Chicu says Moldova’s debt‑service costs have quadrupled and the current economic model can’t fund the state

Former Moldovan prime minister and parliamentarian Ion Chicu warned that the Republic’s existing economic model can no longer finance the state’s expenditures. He attributed the budget deficit to an expanding public sector, high public‑sector spending and a lack of transparent procurement, saying that raising tax rates would not automatically increase revenue and could fuel corruption.

Chicu also highlighted that the cost of servicing Moldova’s public debt has risen dramatically, estimating that interest payments are almost four times higher than in 2020. He linked the surge to accumulated borrowing and urged a shift toward a more liberal economic framework to attract investment and restore competitiveness.