Malta's Government Deficit Reaches €823.9 Million, National Debt at €11.3 Billion

2026-03-27T20:01:08.445+00:00 · Updated 2026-03-28T05:00:30.984+00:00

Malta's government deficit reached €823.9 million by the end of 2025, according to figures released by the National Statistics Office (NSO).

In addition to the deficit, the country's national debt also grew, standing at €11.3 billion at the close of 2025. These figures provide a snapshot of the government's financial situation.

A deficit occurs when the government spends more money than it collects in revenue over a specific period. National debt is the total amount of money that the government owes to its creditors.

Despite these figures, the government has indicated a positive outlook on the country's finances. It stated that the performance of the Consolidated Fund last year was much better than had been initially forecast.

The Consolidated Fund is the main account for government revenues and expenditures. A better-than-forecast performance suggests that the government's financial position improved relative to earlier predictions.

The Nationalist Party (PN) has commented on the latest national debt figures, stating that Malta's debt has now reached €11.4 billion. The party highlighted that €893 million in new borrowing was added during 2025 alone.

The PN criticised Prime Minister Robert Abela, suggesting he has become "synonymous with debt" due to these figures. This statement follows the National Statistics Office (NSO) reporting a national debt of €11.3 billion and a government deficit of €823.9 million by the end of 2025.

The Government Consolidated Fund registered a deficit of €824 million for the year 2025. This figure provides the latest official update on the government's financial position.

This represents a minor adjustment from the €823.9 million deficit previously reported for the same period. The Consolidated Fund reflects the overall financial balance of the government, indicating that expenditure exceeded revenue by this amount.

Further reports have confirmed that Malta's government debt has surpassed €11.3 billion. This figure was previously announced by the National Statistics Office (NSO) as of the end of 2025.

The national debt level is a key indicator of the country's financial health. The government had stated that the Consolidated Fund's performance last year was better than initially forecast.