Malta’s public debt fell by almost six per cent in a year according to new statistics issued by Eurostat yesterday.

Standing at 68.9 per cent of GDP by last June, the debt is €100 million lower than it was in June 2014.

Eurostat said that Malta had an accumulated debt of €5.6 billion in June 2015.

Although Malta’s debt is still considered to be high according to EU rules, it is still significantly lower than the EU average, which in June stood at 87.8 per cent of GDP.

In a statement, the government said that since Labour came to power, debt has been on the decrease, contrary to what happened under the previous administration.

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