The PN has launched a borrowing scheme, whereby it will take loans of €10,000 at 4% interest and repayable after 10 years. 

PN leader Simon Busuttil launched the scheme, which he said was in response to offers by supporters to help the party. 

General Secretary Rosette Thake said the scheme followed an exercise during which the party brought its spending under better control, restructured its revenue schemes and improved transparency. 

The scheme will be administered by Ann Fenech, president of the executive council, and treasurer Alex Perici Calascione.

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