VALLETTA (MALTA) (ITALPRESS/MNA) – The Maltese government recorded a 95 million deficit at the end of February 2025, following a surplus of 151.4 million the previous month, according to figures released by the National Statistics Office (NSO) on Monday.
The significant shift in the government’s financial position was attributed to a combination of falling revenue and rising expenditure. Compared to February 2024, recurrent revenue saw a notable decline of 103.8 million, while total expenditure increased by 142.6 million. This resulted in a negative change in the Government’s Consolidated Fund, which dropped by 246.4 million.
A breakdown of the figures shows that the largest decrease in revenue occurred under Income Tax, which fell by 179.0 million. On the expenditure side, the biggest increase was seen in the Programmes and Initiatives category, which rose by 63.3 million.
As of the end of February 2025, the Central Government Debt stood at 10.9 billion, reflecting an increase of 859.1 million compared to the same period in 2024.
Government capital spending for February 2025 amounted to 38.6 million, which was 23.6 million lower than the same period in 2024. The reduction in capital expenditure was particularly noticeable in sectors such as road construction and improvements, where spending decreased by 14.4 million, as well as in property, plant, and equipment, which saw a 5.3 million drop.
The NSO data highlights the ongoing financial challenges facing the government, with the shift from a surplus to a deficit marking a significant change in fiscal policy dynamics.
– photo: www.pexels.com –
(ITALPRESS).
