Malta’s debt-to-GDP ratio was the 12th highest in the EU at the end of March, according to infor-mation released yesterday by Eurostat.

Malta was one of the 21 member states that saw an increase in its ratio over the first three months of the year compared with the previous three months. Six countries saw a decrease.

Malta saw an increase of 3.8 per cent, almost half the 7.7 percentage point increase in top-ranking Ireland.

Latvia had the biggest decrease at 1.5 per cent.

By the end of March, Malta’s debt-to-GDP ratio stood at 75.4 per cent, compared with the EU average of 85.9 per cent, which was affected by Greece’s 160.5 per cent ratio, Italy’s 130.3 per cent and Portugal’s 127.2 per cent.

The lowest ratio was in Estonia, just 10 per cent.

The eurozone average was 92.2 per cent, up from 90.6 per cent at the end of 2012.

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