During 2025, Robert Abela generated nearly €2.5 million in new debt every day, PN says
Over the course of 2025 as a full year, our country’s national debt increased to €11,360 million, meaning that Robert Abela accumulated a record €893 million in new debt within a single year, the Nationalist Party said Friday.
Figures published today by the National Statistics Office (NSO) on government finances for the past year (January-December 2025) show that by the end of the year, debt had reached €11.4 billion.
Robert Abela is responsible for half of this entire debt. Our country had a debt of just over €5 billion when Abela succeeded Joseph Muscat. This means that under Robert Abela, the debt has more than doubled. In the last year alone, Robert Abela generated nearly €2.5 million in new debt every day, making him “synonymous with debt”, the PN said.
This record level of debt is leading to another record – that of the interest the government is having to pay from taxpayers’ money. According to the same statistics, during 2025 taxpayers paid €297 million in interest on the debt, an increase of €35 million over 2024. “This also means that you and I are paying around €814,000 every single day in interest alone,” the PN said.
And according to the Government’s projections in Budget 2026, this year (2026) the amount of interest on public debt paid by the Maltese people is expected to rise to between €340 million and €350 million – equivalent to around €1 million per day in interest alone.
Debt and interest
Debt Interest
Jan-Dec 2025 €11,361 million €297 million
Jan-Dec 2024 €10,468 million €262 million
Increase over 2024 +€893 million +€35 million
The same NSO statistics show that in 2025, the government’s deficit amounted to €824 million. While government revenue increased compared to the previous year, government expenditure rose at a much faster rate. As a result, the deficit in 2025 nearly doubled compared to 2024, when it stood at €433 million – an increase of €391 million (see table below).
Deficit
Expenditure Revenue Deficit
Jan-Dec 2025 €8,896 million €8,072 million -€824 million
Jan-Dec 2024 €8,292 million €7,860 million -€433 million
Increase over 2024 +€604 million +€212 million €391 million more
As a result of this situation, Malta remains under the EU’s Excessive Deficit Procedure, which the Labour Government placed us in during July 2024. This is despite the fact that last April, Minister for Finance Clyde Caruana had claimed that Malta would exit this procedure early. This means that Malta continues to breach EU fiscal limits, while structural weaknesses in the public finances are not being addressed.
The high level of deficit and debt imposed on the people by Robert Abela means that since becoming Prime Minister, he has borrowed more than all previous Prime Ministers – Labour and Nationalist – combined, the PN said.
Under the Labour Government’s policies, debt is set to continue rising in the coming years, reaching a new record of over €14 billion by 2028, as announced by the Minister for Finance in the latest budget. This would mean that while Robert Abela has already doubled the debt accumulated by his predecessors, within three years he will have tripled it.
RSS Feed Source: Independent Malta During 2025, Robert Abela generated nearly €2.5 million in new debt every day, PN says