When the deficit meets the savings of the population: the state offers up to 7% for TREASURY securities
The Ministry of Finance announced on Monday the launch of a new Tezaur bond issue, which runs from March 9, 2026 to April 3, 2026, and where Romanians can subscribe to government bonds with maturities of 1, 3, and 5 years at annual interest rates of 5.85%, 6.50%, and 7%, respectively.
Earned income is non-taxable. State bonds have a nominal value of 1 leu and are issued in dematerialized form.
When and where government bonds can be bought:
- Between March 9, 2026 – April 1, 2026, through the Ghiseul.ro platform;
- Between March 9, 2026 – April 2, 2026 online, only by individuals who are registered in the SPV for securities issued through State Treasury units. The operations that can be carried out online are: opening a subscription account in the name of the investor at a selected State Treasury unit, subscription to TEZAUR state securities, transfer of amounts from the investor's subscription account to a bank account. For more details on online subscriptions, visit the Online Thesaur Guide and the Online Thesaurus;
- Between March 9, 2026 – April 3, 2026 from the headquarters of the State Treasury units;
- Between March 9, 2026 – April 2, 2026 in urban areas and March 9, 2026 – April 1, 2026 in rural areas, through the postal subunits of CN Poșta Română SA
The advantages of investing in the TEZAUR Program
Income obtained from investing in government securities issued by the Ministry of Finance is non-taxable. The interest is annual and is paid on the payment dates provided in the issue prospectus. Also, government bonds issued under the TEZAUR Program are transferable and can be redeemed in advance. In addition, an investor has the freedom to make one or more subscriptions within an issue. Investors have the possibility to cancel subscriptions already made only during the subscription period, by submitting a request.
Natural persons who have reached the age of 18 on the date of subscription are eligible. The funds obtained by the Ministry of Finance as the issuer, as a result of the issue of government bonds, will be used to finance the budget deficit and refinance the public debt.
