Malta’s Debt Climbs To €11.84 Billion As Government Records €178 Million Deficit

Malta’s Government recorded a €178 million deficit in its Consolidated Fund by the end of May 2026, according to the latest Government finance figures.

Between January and May, recurrent revenue increased by €517.5 million, while total expenditure rose by an even higher €549.4 million, resulting in a negative change of €31.9 million in the Government’s Consolidated Fund.

The largest increase in Government revenue came from Income Tax, which rose by €261.4 million over the same period.

On the expenditure side, Programmes and Initiatives registered the biggest increase, growing by €209 million.

Meanwhile, Malta’s Central Government debt continued to rise. By the end of May 2026, it stood at €11.84 billion, marking an increase of €956.6 million compared to the same period last year.

The figures were published as part of the Government Finance Data for January to May 2026.

What do you make of these statistics?

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Gabriel Falzon

Gabriel Falzon is a social media executive at Lovin Malta, with a keen interest in digital media, local businesses, and the natural world. Outside of work, you’ll often find him baking up a storm, diving into video games, or exploring the endless corners of YouTube.