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NSO: Malta’s debt half the European average in 2019

According to official data released today by the National Statistics Office (NSO), Malta’s debt for 2019 amounted to €5,695 million or 43.1% of gross domestic product (GDP). Such a figure is almost half the average of the Eurozone (84.1%).

The surplus decreased of €166.1 million from the previous year, with the new figure for 2019 being €71 million (corresponding to 0.5% of the GDP). The government debt amounted to €5,695.6 million or 43.1%  of the GDP.

When comparing 2019 with 2018, the country’s total revenue increased by €273.4 million, while the total expenditure increased by €439.5 million. Increases in revenue were registered in the current taxes on the income and wealth sector (€68.3 million), market output (€31.5 million), and net social contributions (€6 million). 

The general government balance was equivalent to a surplus of 0.5% of the GDP - a decrease of 1.4 percentage from the 1.9% surplus registered in 2018.

The full data published by the NSO can be accessed here >