The Malta Independent 28 June 2025, Saturday
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PM, Finance Minister responsible for another record of debt, PN says

Friday, 30 May 2025, 14:48 Last update: about 28 days ago

Despite the fact that Robert Abela's Government has failed to provide any solutions to the major problems faced by the Maltese and Gozitan people, including the rising cost of living, environmental destruction, traffic congestion, and infrastructural deficiencies in education and healthcare, Prime Minister Robert Abela and Finance Minister Clyde Caruana have managed to break yet another record: the highest level of debt Malta has ever seen in its history, the Nationalist Party said Friday.

This is confirmed by the National Statistics Office, which in new data released today reported that in April, the national debt reached nearly €11 billion. Robert Abela is responsible for half of this entire debt. When he succeeded Joseph Muscat, the country's debt stood at just over €5 billion.

This means that under Robert Abela, Malta's national debt has more than doubled. Robert Abela has become synonymous with debt. In the past year alone, Robert Abela added €908 million to the national debt - an average of nearly €2.5 million in new debt every single day, the PN said.

All this while those closest to power continue to enrich themselves, as even Government insiders have admitted. This record level of debt is now resulting in yet another record - that of interest payments being made by the Government using taxpayers' money. Today, interest payments on public debt have exceeded €94 million, and in the first four months of this year this increased by over €11 million when compared to the same period last year.

Clyde Caruana, having overwhelmed Malta and Gozo with a rapid influx of foreign workers, has now also exploded the country's debt, the statement added. Debt continues to rise month after month, and those most vulnerable are being squeezed even further.

The PN recalled that a recent survey among leading entrepreneurs found that Malta is becoming less attractive for investment.

The alarming increase in national debt is yet another confirmation of Robert Abela's failure to overcome the challenges faced by Maltese and Gozitan families, who are witnessing rising prices and increasingly shrinking household incomes with each passing day, the statement concluded.


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