As of the end of February, Central Government Debt totalled €10,935.2 million, €859.1 million higher than the corresponding month in 2024, the National Statistics Office said today.

The NSO highlighted that the increase reported under Malta Government Stocks (€842.5 million) was the main contributor to the rise in debt

It also noted that by the end of February, Government’s Consolidated Fund registered a deficit of €95.0 million.

Compared to the previous year, recurrent revenue fell by €103.8 million while total expenditure increased by €142.6 million.

The NSO added that the increase in expenditure, coupled with lower revenue, led to a negative change in the Government’s Consolidated Fund by €246.4 million.

The largest drop in revenue was recorded under Income Tax (€179.0 million), while Programmes and Initiatives (€63.3 million) reported the biggest increase among the expenditure categories, the NSO said.

File photo: DOI

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