The Malta Independent 12 August 2026, Wednesday
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Government borrowed another €0.5bn in final month before election – PN

Wednesday, 3 June 2026, 14:32 Last update: about 3 months ago

During the month of April alone, the final month before calling an early general election, the government borrowed no less than €558 million, the Nationalist Party said.

This emerges from statistics published today by the government's statistics office, the same NSO statistics which were meant to be published at the end of last month but which the Labour Government stopped from being released under the excuse of the day of reflection.

The same figures which should have been published on Friday confirm what the Partit Nazzjonalista revealed before the election about the exorbitant public debt incurred by Labour in the final month before the election.

In total, the NSO statistics for the period between January and April 2026 show that, over the course of one year, Robert Abela and Clyde Caruana increased our country's debt by more than one billion euro (€1.139 billion, or 10.5%), with national debt now standing at almost €12 billion (€11,974 million). Half of this one billion euro in debt over one year was incurred in April, meaning in the final month before the election alone.

This completely crushes the argument Clyde Caruana tried to make before the election, when he claimed it was not true that our country borrows one billion euro a year. In fact, the figures published by the NSO today prove him wrong, because the Government borrowed even more than that.

These government debt figures confirm not only the incompetence, but also the deceit of Robert Abela and Clyde Caruana, who not only interfered in the work of the National Statistics Office to hide this information, but also tried to cast doubt on the arguments made by the Partit Nazzjonalista, arguments which have today been confirmed as correct by the information released by the same NSO.

The NSO also confirms how the Maltese people are having to pay ever more in interest on the debt created by Robert Abela and Clyde Caruana, with interest on debt increasing by €10.7 million to €105 million when compared to the previous year, the PN said

The statistics published today confirm that, when it comes to debt, in five years Robert Abela has managed to borrow more than all the debt accumulated by all of our country's leaders combined over the previous 55 years.

The Partit Nazzjonalista naturally welcomes reports in the media that the European Commission has finally removed Malta from the Excessive Deficit Procedure in relation to the situation of the government's finances, albeit more than a year late.

This is a procedure which, as happened in the case of the FATF greylisting, Malta was dragged into by Abela's Labour Government and Clyde Caruana because the country was not in line with the agreed fiscal targets. In March 2025, Clyde Caruana had boasted that the country's finances were doing so well that Malta would exit this Procedure early. Yet we had to wait until today for what he told us back then to become reality.


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