“Where Did The PN Hide Over €20 Million In Debt”, Asks PL
In a statement, the Labour Party stated that the the Nationalist Party ‘does not want to explain how, in less than six months, it went from declaring a debt of €32 million to now quoting €11 million.’
‘It was the PN’s own Secretary General who, in several interviews, stated that €32 million was the official figure of the Nationalist Party’s debt’, the PL said in a statement.
‘On 17th June, Charles Bonello stated that the debt was “€32.5 million as declared by the Leader,” and three days later, on 20th June, said that this “remained the same.”’
‘What the Nationalist Party Leader announced today, casts serious doubt on where more than €20 million in debt has disappeared from the PN’s accounts.’
The statement ended by saying that those who are not credible in managing party finances can never be trusted to manage the country’s finances.
Nationalist Party Responds
The Nationalist Party issued a response to the statement, saying that Opposition Leader Alex Borg has kept his word and published the Partit Nazzjonalista’s audited financial statements for the period 2021 to 2024 within one hundred days of assuming office as Leader of the Partit Nazzjonalista.
‘The Labour Party is lying and acting hypocritically by criticising the Partit Nazzjonalista for submitting its financial accounts in accordance with the law and in the same way that the Labour Party itself reported in the accounts it published last week’, said the PN in a statement.
‘The law is clear and, as the Labour Party itself has done, the finances of subsidiary companies do not form part of a party’s accounts.’
‘The Partit Nazzjonalista has always believed in transparency, and the accumulated debt of the Party and its commercial companies is in the public domain’, it continued. ‘This stands in stark contrast to the Labour Party, which continues to conceal the debts of its commercial companies.’
‘Similarly, the Prime Minister has continued to hide his own declaration of assets and those of his Cabinet colleagues, and has still not published the expenses of his campaign to become Leader of the Labour Party, despite six years having passed.
This is the same Prime Minister whose only legacy will be that, during his tenure, he will have tripled the country’s debt to no less than €14 billion.’
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