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What's On? / News / Deep debt cut in third quarter 2011 for Malta

Deep debt cut in third quarter 2011 for Malta



Malta cut debt by 1.6% by October 2011, down to 70.3% of gross domestic product from 71.9%. Government debt stands at €4.47 billion. Malta and Italy were the two EU member states with the greatest cuts in government debt between the third quarter and second quarter of 2011.