Malta's national debt continues to grow month after month, reaching new record levels, the Nationalist Party said Thursday..

The latest government finance figures published this week by the National Statistics Office (NSO) for the third quarter of 2025,  show that debt has now reached €11,215 million. This figure - over €11 billion - is equivalent to almost €28,000 in debt for every Maltese and Gozitan citizen.

Malta has been under the Excessive Deficit Procedure since July 2024. This is despite the Finance Minister boasting last April that Malta would exit the procedure early.

Today's high level of national debt means that the Government of Robert Abela has, in just one year, created €1,050 million in new debt, which is over one billion euro. It also means that since becoming Prime Minister, Robert Abela has accumulated more debt than all previous Prime Ministers combined - Labour and Nationalist alike.

By 2028, Robert Abela is planning to hit over €14 billion in debt. This would mean that while Robert Abela has already doubled the debt accumulated by his predecessors, in three years' time he will have tripled it.

Alongside record debt, the interest burden on taxpayers continues to break records. Interest on debt is almost €1 million every day, the PN said.

The Government's Fiscal Advisory Council, a group of experts appointed by the Minister for Finance to assess the Government's economic and fiscal policy, has warned that Government spending is placing the country in a vulnerable position and has called on the Government to strengthen Malta's public finances.

Despite this spiralling debt and deficit, nothing is being done to address the country's most pressing challenges: the rising cost of living, failing infrastructure, chronic traffic congestion, deteriorating sea quality, and ever-lengthening hospital queues.

And while the government finances continue to slide out of control and interest payments keep climbing, Ministers and their associates remain wasteful, discretionary spending continues unchecked, and scandal after scandal emerges - a clear sign of a Government that has grown tired and has lost control over the country's direction.

The statement was signed by Adrian Delia, Shadow Minister for Finance, and Jerome Caruana Cilia, Shadow Minister for the Economy and Enterprise