Edward Scicluna

Malta with third largest fall in the debt to GDP ratio

In its release regarding debt figures for the Euro Area, Eurostat has declared Malta to be the Member State with the third largest fall in its debt to GDP ratio at the end of the second quarter of 2015.

 

PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE

 

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These figures corraborate the data released by NSO earlier this week regarding the fall in the absolute value of Malta’s national debt.

 

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Commenting on this Eurostat release, the Minister for Finance Prof. Edward Scicluna said “it is ironic that the Opposition is making claims contrary to the official European statistics showing that the debt burden had been increasing during the previous administration and decreasing ever since.”

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– Friday, 23rd October, 2015

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