VALLETTA (MALTA) (ITALPRESS/MNA) – Malta’s public finances recorded a deficit of 552.2 million euros in the first seven months of 2026, up 34.2 million euros from the same period last year. According to data from the National Statistics Office, current revenue rose to 4.82 billion euros between January and July, an increase of 717.3 million euros, driven mainly by higher tax revenue. Income tax receipts increased by 362.8 million euros, while VAT revenue rose by 153.3 million euros. Public expenditure, however, increased even more, by 751.6 million euros, reaching 5.37 billion euros.
Spending on programmes and initiatives rose by 272.4 million euros, while expenditure on social security benefits increased by 98.9 million euros. Capital expenditure also rose significantly, reaching 621 million euros, up 177.2 million euros year on year, mainly due to spending on property, equipment, property acquisitions and road works. At the end of July, central government debt stood at 11.70 billion euros, an increase of 540.3 million euros compared with a year earlier. Malta government stocks accounted for the largest share of the increase in public debt.
– photo IPA Agency –
(ITALPRESS).
