During the last year Malta recorded a surplus of almost € 251 million.
Eurostat statistics show that this amount is the second largest surplus among all European Union countries after Luxembourg. This is the third consecutive year that Malta has registered a surplus in public finances.
Eurostat figures show that Malta was among thirteen countries of the European Union that ended last year with a surplus while Romania and Cyprus suffered the worst deficit with more than 3% of the gross domestic product.
Malta’s surplus has led to a decrease in debt. In fact figures show that the debt rate when compared to the wealth that is being generated by the Maltese economy stands at 46%. The lowest rates were measured in Estonia and Luxembourg while the highest were recorded in Greece and Italy.