By 
Malta’s national debt is spiralling to unprecedented levels, a stark reality confirmed by the latest figures from the National Statistics Office (NSO). As the Nationalist Party (PN) highlights, the continuous piling up of debt under Robert Abela’s administration is creating a substantial burden for every Maltese and Gozitan citizen.
A Staggering Sum: €11 Billion and Rising
For the third quarter of 2025, NSO figures reveal that Malta’s national debt has soared to an alarming €11,215 million. That’s over €11 billion, translating to an astonishing €28,000 in debt for every single citizen on the islands. These are not just numbers; they represent a tangible weight on our collective future.
Adding insult to injury, Malta has been under the Excessive Deficit Procedure since July 2024. This unfortunate status persists despite the Finance Minister’s confident claims last April that Malta would exit the procedure early. Clearly, those promises have fallen flat.
Robert Abela’s Record-Breaking Debt Accumulation
The scale of debt accumulated under Robert Abela’s leadership is truly astounding:
- In just one year, his government has created €1,050 million in new debt – that’s over one billion euro.
- Since becoming Prime Minister, Robert Abela has accumulated more debt than all previous Prime Ministers combined, spanning both Labour and Nationalist administrations.
And the projections are even grimmer. By 2028, the government plans to hit over €14 billion in debt. This means that while Abela has already doubled the debt accumulated by his predecessors, he is set to triple it in just three more years.
The Cost of Debt: €1 Million in Interest Every Single Day
As debt breaks records, so too does the interest burden on taxpayers. The PN points out a shocking figure: interest on debt is costing us almost €1 million every single day. This is money that could be invested in vital public services, infrastructure, or initiatives to improve citizens’ quality of life, but instead, it’s being spent merely to service past borrowing.
Experts Warn of Vulnerability
Even the Government’s own Fiscal Advisory Council – a body of experts appointed by the Minister for Finance to scrutinise economic and fiscal policy – has sounded the alarm. They warn that current government spending is placing the country in a vulnerable position and have urged the government to strengthen Malta’s public finances. These are not partisan criticisms, but serious warnings from independent experts.
Critical Challenges Ignored Amidst Fiscal Chaos
Despite this spiralling debt and deficit, it appears that very little is being done to address Malta’s most pressing challenges. Our citizens continue to grapple with:
- The ever-rising cost of living
- Failing infrastructure
- Chronic traffic congestion
- Deteriorating sea quality
- Ever-lengthening hospital queues
While public finances slide out of control and interest payments soar, reports suggest that Ministers and their associates continue wasteful spending, discretionary expenses go unchecked, and scandal after scandal emerges. This paints a picture of a government that has grown tired, lost its grip, and no longer has a clear direction for the country.
The current trajectory is unsustainable. It’s time for a serious reassessment of Malta’s economic direction before the burden becomes unbearable for current and future generations.
Source: Original Article
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