PN Debt Stands At €11.7 Million: Accounts Of Past 4 Years Published

Opposition Leader Alex Borg said on Monday that the Nationalist Party’s debt currently stands at €11.7 million, but stressed that the party holds more assets than liabilities.

Speaking outside party headquarters as he marked his first 100 days as leader, Borg published the PN’s audited accounts and outlined the commitments delivered during this period.

He confirmed that the Nationalist Party submitted and published its audited financial accounts for the years 2021 to 2024 with the Electoral Commission, describing the move as a clear demonstration of transparency and credibility.

During his first 100 days, Borg appointed Sabine Agius Cabourdin as chief executive, Simon Vella Gregory as campaign manager and Simon Mizzi to head the Leadership Delivery Office.

He said these appointments form part of a strategy to address financial challenges by strengthening revenue streams without selling party properties. The focus, he said, is on maximising existing assets, including band clubs, while improving financial structures.

Borg also spoke about digitalisation efforts, new policy work for Gozo and the launch of Nisma, a weekly platform for dialogue with civil society. He highlighted successful crowdfunding efforts and announced plans for a party podcast and a National Convention next February.

Its audited accounts show a deficit of almost €1.1 million for 2024, compared to a surplus the previous year. Labour attributed the loss largely to election campaign costs, while insisting it continues to meet transparency obligations under existing legal requirements and reporting standards set out publicly.

#MaltaDaily