Malta Recorded a Surplus of €250.8 million in 2018
The National Statistics Office has released the results for the government’s consolidated fund showing that the country’s surplus jumped up by 2% last year.
The overall government finances ended with a surplus of €250.8 million in 2018.
The figures released by the National Statistics Office (NSO) include the money in the National Development and Social Fund (NDSF), 70% of which is funded by the sale of Maltese citizenship.
As per the reports by the NSO, a surplus of €133.7 million was registered by the NDSF, being the largest contribution by an external agency.
Nonetheless, the overall numbers determine that the country would still have recorded a surplus without the citizenship by investment funds.
According to the NSO, Malta recorded a surplus of 2% of GDP in 2018, a decrease from 3.4% the previous year. For the past three years, Malta has registered a surplus.
The revenue dropped to 38.8% of GDP from 39.2%, while the Expenditure stood at 36.8% of GDP.
Public debt was cut by €17.8 million and stood at €5.66 billion. The debt-to-GDP ratio stood at 46%, down from 50.2% in 2017.
According to Eurostat, Malta was among the top three EU countries that registered surpluses in 2018. The list was topped by Luxembourg with a 2.4% surplus, followed by Bulgaria and Malta with 2% each.