Opposition Leader Alex Borg said Monday that the Nationalist Party's debt currently stands at €11.7 million, yet the party has "more assets than debt," as he published the PN's accounts on the day he celebrates his 100 days as leader.

The latest accounts, which are for 2024, show that for that year the PN registered a €737,733 deficit. In 2023 it had registered an €863,517 surplus.

In a press conference outside party headquarters, Borg spoke of all the pledges he succeeded in implementing during his first 100 days.

He said that on Monday, the Nationalist Party went to the Electoral Commission to present and publish the PN's financial accounts from 2021 to 2024.

Borg said that this move shows the PN's commitment to being transparent and credible, in stark contrast to the government's lack of disclosure regarding campaign expenditures and asset declarations.

In his first 100 days, Borg said that he has appointed a CEO, Sabine Agius Cabourdin, alongside Simon Vella Gregory as campaign manager and Simon Mizzi to lead the Leadership Delivery Office.

"These appointments are part of a strategic effort to address financial challenges facing the party, with a clear focus on optimizing revenue without selling party properties," Borg said.

Borg said that the CEO and Secretary General Charles Bonello will be focusing on creating a financial structure to commercialise the party, without selling any of its band-clubs, but rather maximising them.

Moreover, Borg spoke of ongoing digitalization efforts to enhance the PN's data capabilities and to ensure that the party remains data-driven in its decision-making processes.

He spoke of the formation of a policy team focused on Gozo, led by Karl Buttigieg, which will engage local councillors to contribute to PN's vision for the region.

A notable initiative Borg also introduced is "Nisma," a weekly community engagement platform where various themes will be discussed in direct consultation with civil society, NGOs, and policymakers to align the party's political agenda with the needs of the people.

In terms of fundraising, Borg celebrated the success of a crowdfunding initiative that has raised over €15,000, signalling a strong community interest in the party's future activities.

In his first 100 days, he also announced plans for the first-ever political podcast from the PN, aimed at connecting more closely with the youth.

Borg revealed plans for a National Convention, which is scheduled for February next year, and is aimed at gathering independent people, academics, business leaders, youth and more to discuss the political landscape and challenges facing Malta.

"These first 100 days are just the beginning of a beautiful chapter for the PN and for Malta and Gozo. Change is underway, and the party is strengthening over time," Borg said.

Asked about the party's debt, Borg said that the party's current debt is that of €11.7 million, but despite this, the party has more assets than debt, indicating a path forward for financial stability.

Borg said that the PN will continue to set the standard for the publication of the party's accounts, as opposed to the Prime Minister, who has yet to publish the expenditure of his campaign, as well as his and his Ministers' declaration of assets.

He added that if there is the need to fix the process with the Commission, he has no problems with sitting round a table for discussion and extending the hand of friendship.

The full declarations can be found here