Despite Robert Abela's Government failing to provide solutions for the nation's major issues such as environmental destruction, traffic, high cost of living and infrastructural problems in education and health, Prime Minister Robert Abela and Finance Minister Clyde Caruana have reached a new record for the highest debt our country has ever had in its history, the Nationalist Party said.

"This was confirmed by the National Statistics Office, as new figures published in the past days show that debt has exceeded €10.5 billion. Prime Minister Robert Abela is responsible for half of this entire debt, with little to show for it. Our country had a debt of just over €5 billion when Abela replaced Joseph Muscat, meaning the debt under Abela has more than doubled. Robert Abela signifies public debt. In the past year, Robert Abela registered 803 million euro of public debt," the party said.

"The Government continues to squander tax money by dishing out direct orders to the inner circle of friends with a €50 million increase in expenses when comparing January 2025 to January 2024."

This record debt is leading to another record - the amount of interest the country pays daily now exceeds €710,000 every day, the PN said.

The PN said that a survey among leading entrepreneurs found that the deterioration in political and regulatory conditions is making the country less attractive for investment.

"The substantial increase in debt certainly does not help to offer stability and peace of mind, and this is a factor that also contributes to the fact that, as the survey showed, fewer investors feel comfortable investing further in our country," the party said.

The PN statement was signed by Graham Bencini, the PN's Shadow Minister for Finance, and Jerome Caruana Cilia, the PN's Shadow Minister for the Economy and Enterprise