Nationalist Party CEO Sabine Agius Cabourdin has announced that the party's audited financial statements will be made public by the end of November.
Speaking on a radio programme on Saturday, Agius Cabourdin confirmed that auditors have been appointed and that the process is currently underway. The forthcoming accounts are expected to shed light on the actual scale of the PN's financial liabilities, which are believed to fall between €15 million and €30 million.
The party has yet to disclose its expenditure from the most recent electoral campaign.
Since stepping into the CEO role in September, Agius Cabourdin has been focused on internal restructuring and improved management of the party's extensive property portfolio. She noted that the PN owns several underused assets that could be transformed into income-generating opportunities.
"You can't eliminate the party's debt without first addressing its internal inefficiencies," she remarked, adding that an internal audit is underway to identify areas where resources are being wasted.
Agius Cabourdin, who is a lawyer and founder of the philanthropic Fidem Foundation, emphasised that her position is strictly administrative rather than political. She has declined to participate in political debates, insisting that such discussions should be reserved for elected representatives.
When asked about possible conflicts of interest due to her husband's long career in property development, she dismissed the concern as unfair. While she defended the construction industry as an important pillar of the economy, she also underscored the need for sustainable urban planning, particularly in Malta's densely populated zones.
Regarding the issue of political financing, Agius Cabourdin said the PN acknowledges the development sector's economic significance but maintains that growth must be achieved responsibly and sustainably.
She also addressed a 2020 Facebook post in which she appeared to support a tax on second vehicles. Agius Cabourdin clarified that the comment was made out of personal frustration as a commuter, and stressed that the PN has no plans to introduce such a tax, recognising that many Maltese view cars as a genuine passion.
Expressing optimism about the party's future, she said enthusiasm among members has grown since Bernard Grech's leadership began, describing him as approachable and engaging.
Agius Cabourdin concluded by saying that releasing the audited accounts is a crucial step toward rebuilding trust and financial transparency within the Nationalist Party.