In the first five months of 2022, the Maltese government registered a deficit of €373 million. When compared to the same period in 2021, this would mean a decrease in deficit of around €280 million.
This was revealed in the National Statistics Office’s publication on the government’s financial position, with the document also revealing that the government had registered a deficit of €650 during the pandemic.
The NSO revealed that the government’s largest spending bracket was €54 million which went towards programmes and initiatives including the €48 million government stimulus cheques. Social benefits saw an increase in €28 million and €26 million went towards tax cuts and subsidies while €7 million were spent on the regulation of gas prices.
The government now has €8,410 million in debt.
#MaltaDaily