Malta registered the fifth largest drop in debt among EU member states, confirming that it had the right strategies, the government said yesterday.

According to Eurostat, the country’s debt for the third quarter of 2015 was down to 66.3 per cent of GDP, a reduction of 4.5 per cent compared to the previous year. This means Malta registered its lowest figure of debt since June 2009.

In March 2013, the debt figure climbed to 70.8 per cent of GDP, an increase of 10.4 per cent during the same legislature, the government added.

“The government is determined to keep improving the financial strength of the country and keep investing in the economy. This is crucial to continue improving services, such as health and pensions,” it said.

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