Tag: deficit
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Malta’s public finances record €203.4 million deficit by August 2025 amid rising expenditure
Government finances remained in deficit territory in the first eight months of 2025, with a shortfall of €203.4 million reported in the Consolidated Fund, according to the latest statistics from the National Statistics Office (NSO). This compares to a €98.6 million surplus registered during the same period in 2024, according to the latest data.…
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Trade deficit widens in June despite first-half improvement
Malta’s international trade deficit widened in June 2025 as imports surged and exports slipped, reversing the previous trend. Provisional figures published by the National Statistics Office (NSO) show the goods trade gap reaching €426.8 million, up from €350.6 million in June 2024. Imports climbed by €67.6 million to €798.5 million, driven largely by higher spending…
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Just sell it: our economy, culture, intelligence and research would boom to incredible highs
Recent press reports citing that the University of Malta is going into debt are not surprising. The University of Malta is one of the worst performing national universities in the world. This is not an opinion, but a fact as presented by the annual research and university surveys done internationally that University of Malta even…
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Government deficit in 2024 was 3.7% of the GDP with a total deficit of €825.3 million according to Maastricht criteria
The National Statistics Office issued its latest government debt figures for 2024 under the Maastricht Treaty guidelines. It announced that government debt was 3.7% of GDP and the total deficit was at €825.3 million. These figures contrast with the figures issued last January because according to the Maastricht Treaty government balances are calculated with an…
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“Coordinated attack” by Brussels against Miriam Dalli with the Excessive Deficit Procedure
Malta, France, Italy, Hungary, Poland and Slovakia have been warned by the EU Commission of their entry into the Excessive Deficit Procedure unless they curb their public expenditure to bring annual deficit to less than 3% and a debt to GDP ration less than 60%. Romania is currently the only EU-member state under the review…
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The IMF says the obvious that the governmnet’s finances are not sustainable
The IMF’s latest report on Malta delineates that the government’s finances and its spending spree are unsustainable. Apart from having to rebalance the budget and make cuts, the IMF is noting the obvious that constant subsidies to keep the economy afloat is not a sustainable economic policy and that the government needs to move towards…
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On inflation and saying one thing and doing another
Ever since taking office, Clyde Caruana has insisted on the principles of financial austerity as budget expenditure kept ballooning. As of last year, he began making dire warnings that budget expenditure was going too high apart from disapproving of lavish and capricious government expenditure. He also said that he wanted to reduce the deficit and…
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Many half-men will quickly change their lifelong-held views for 5,000 a month: like Paul ?ahra
Little has been made public about Robert Abela’s newly elected permanent secretary of the Ministry for Finance, Paul ?ahra. He replaced Alfred Camilleri who held his position since the Nationalist administrations. Paul ?ahra was appointed to his new post by Prime Minister as are all other permanent secretaries. Paul ?ahra has spent a career at…
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Many half-men will quickly change their lifelong-held views for €5,000 a month: like Paul Żahra
Little has been made public about Robert Abela’s newly elected permanent secretary of the Ministry for Finance, Paul Żahra. He replaced Alfred Camilleri who held his position since the Nationalist administrations. Paul Żahra was appointed to his new post by Prime Minister as are all other permanent secretaries. Paul Żahra has spent a career at…