According to the latest statistics issued by the NSO today, the government closed with a total debt of €11.397 billion for 2024 with 89.7% of this debt held in bonds. The debt amounted up to 46.4% of the GDP. Most of this debt is held by financial corporations and bands (53.9%), followed by households (22.4%) and foreigners with up to 21.6%.
The government’s finances are improving with increased revenues however the surge in government income is also being buoyed by mounting government debt. Government debt rose from €10.621 billion in 2024 to €11.397 billion in 2025 with the debt to GDP ratio rising slightly from 45.9% to 46.4%.
The Labour Party is currently pledging a wave of subsidies and social expenditure during the general election campaign which were not factored in the precious estimates presented to the public by the Minister for finances Clyde Caruana.
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