The Malta Independent 12 May 2021, Wednesday

Joseph Muscat deposited €191,000 in bank after resignation

Tuesday, 4 May 2021, 09:17 Last update: about 7 days ago

Joseph Muscat deposited €191,000 after he resigned the premiership in January 2020, a comparison of his asset declarations to parliament shows.

His declaration for 2020 also lists two new properties which were not in his submitted declaration year before.

Speaking to Times of Malta, Muscat said the difference in funds and real estate was as a result of his termination package when he resigned as Prime Minister, income from his new practice and inheritance following the death of a family member.


Muscat resigned after a police investigation into the murder of journalist Daphne Caruana Galizia led to links with his office. He remained as an MP until the following October.

Muscat said that he is now working in the field of economics and management research.

The declaration, covering 2020, shows bank deposits in a BOV account totalling €256,000, a notable increase from the €65,000 he declared in 2019 when he was still prime minister.

Prior to 2019, Muscat had declared a static balance of €75,000 every year.

His declaration also showed a Rabat property and a garage in Xemxija.

Muscat provided an explanation about his new assets in a letter annexed to his declaration.

The former prime minister confirmed he is still paying off a loan facility for home improvements, with a remaining balance of €110,000.

Muscat's successor Robert Abela declared €331,000 in deposits at various banks as well as the ownership of a number of properties.

Independent MP Konrad Mizzi declared a bank balance of €241,000, up slightly from the €231,000 declared when he was still a minister.

Opposition Leader Bernard Grech declared bank deposits of €5,800, Revolut deposits of €52 as well as €234 on his credit cards and a €9,000 home loan. He also owns two properties.

His predecessor  Adrian Delia once again declared that he has no money in the bank.


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