Malta’s debt rises to €8.5 billion in July
Malta’s debt at the end of July rose to €8.55 billion, an increase of €709.4 million over the previous year.
According to figures published by the National Statistics Office, the increase reported under Malta’s Government Stocks (€569.0 million) was the main contributor to the increase in debt.
Higher debt was also reported under Treasury Bills (€96.3 million), the 62+ Malta Government Savings Bond (€93.8 million) and Euro coins issued on behalf of the Treasury (€4.9 million). This increase in debt was partially offset by a reduction in Foreign Loans (€0.1 million).
At the end of the first quarter of this year, Malta’s debt to GDP was 57.6%.
Meanwhile, the deficit was €514.9 million, a reduction of €366.2 million from the same period last year.
This difference reflects an increase in total Recurring Income (€386.8 million), partially offset by an increase in total expenditure, consisting of Recurring Expenditure (€36.5 million), Interest (-€2.7 million) and Capital Expenditure (-€ 13.2 million). ).