Statistical data published by Eurostat earlier today, puts Malta's national debt at 75% of GDP. These figures refer to the first quarter of 2012, Compared to the same period last year there is an increase od 4.5%, up from 70.5% to 75% of GDP.
These figures could be far higher when the half-yearly statistics are in. The PL has been warning the government of its money no problem attitude and the results are a clear proof that the Finance Minister and indeed, GonziPN is not running the country's finances wisely.
In the last budget, Dr. Tonio Fenech that during this financial year, Malta would reduce its debt to around 69% of GPD. The performance of this goverment is clearly to the detriment of the Maltese. The uncertainty and instability being created by Gonzi's obsession to remain in power for as long as possible is harming the nation.
The Maltese cannot keep suffering for the whims of GonziPN and the people at the helm would have to answer personally for the damage being done to the country as a whole.