The 20 largest state-owned enterprises in Moldova, ranked by revenue, have generated a combined net profit exceeding 2 billion lei, a record high that marks a fivefold increase from the approximately 401.9 million lei reported in 2019.
This surge in profitability over the past six years positions the government to transfer more than 1 billion lei to the state budget, according to reports from Moldova 1 and Bt.
The transfer of over 1 billion lei to the budget could provide crucial fiscal breathing room, potentially allowing for increased public spending or debt reduction.
The windfall comes as the Moldovan government seeks to stabilize public finances amid ongoing economic pressures.
The substantial rise in aggregate profitability for the state corporate portfolio mirrors trends seen in other emerging markets, where state-owned assets have increasingly become critical contributors to fiscal health.
For instance, Brazil’s federal state-owned enterprises generated a combined net profit of R$169.4 billion in 2025, a 38% year-over-year increase, highlighting a broader regional shift toward leveraging state assets for fiscal support.
The transfer of over 1 billion lei to the budget could provide crucial fiscal breathing room, potentially allowing for increased public spending or debt reduction.