An annual declaration of assets filed by ministers and parliamentary secretaries has given insight into which Cabinet members have the most cash, investments and properties.

The man who holds the public purse strings is also the most cash rich of all the ministers. Finance Minister Edward Scicluna boasts a healthy bank balance of €701,000 and no outstanding debts

Social Solidarity Minister Michael Falzon isn’t short of a few pennies himself, thanks to bank balances of €639,000 and no debt.

Environment Minister José Herrera’s €282,000 balances places him third in the cash rankings, followed by Tourism Minister Konrad Mizzi with €230,500.

Dr Mizzi, who famously ‘declared’ ownership of a secret Panama company in his asset declarations, has an outstanding loan of €297,000.

On the other end of the euro scales, parliamentary secretary Silvio Parnis declared €2,800 in bank deposits. Not a huge fan of cash holdings, Mr Parnis declared €109,000 worth of government stocks and a life policy worth €27,000, as well as six properties.

Next on the cash ‘poor’ list came fellow parliamentary secretary Clifton Grima, who declared cash holdings of €4,200 and ownership of two properties.

Justice Minister Owen Bonnici has €8,400 in the bank and owns three properties. He owes the bank €130,700.

Not a huge fan of cash holdings

Energy Minister Joe Mizzi declared a bank balance of €13,200 and three properties, including a family grave.

Apart from cash and other assets, ministers are made to declare any outstanding debts.

Clifton Grima is the Cabinet member with the most outstanding debts. Mr Grima owes the bank a total of €397,000 in property loans.

Economy Minister Chris Cardona has unspecified debts of €375,000.

Parliamentary secretary Julia Farrugia has a loan of €312,100 and a credit card bill of €784.

Chris Cardona has unspecified debts of €375,000. Photo: DOI/Clifton Fenech

Infrastructure Minister Ian Borg has funded his various property buys through a loan on which he owes €303,000.

In contrast, Chris Fearne, Evarist Bartolo, Helena Dalli, Edward Scicluna, Jose Herrera, Michael Falzon, Aaron Farrugia, Silvio Parnis and Anthony Agius Decelis are all debt free.

On the property front, Clint Camilleri on paper declared interests in the most properties, with a total of 23 appearing under his name.

He bought two of the properties himself, had one donated to him by his mother and holds small shares in 20 other inherited properties.

José Herrera is second on the list, with interests in eight properties.

Silvio Parnis and Roderick Galdes both own six prop-erties each.

Clint Camilleri holds stakes in 23 different properties.

Prime Minister Joseph Muscat, who owns one property, is getting his house in order with a €120,000 ‘home works’ loan from BOV.

*These figures are the total declared bank and cash savings. They do not include investments and property holdings.

The value of property holdings are not declared by ministers, and the value of investments are not always quantified.

In the red

1st Clifton Grima - €397,000
2nd Chris Cardona - €375,000
3rd Julia Farrugia - €312,884
4th Ian Borg - €303,000

Debt Free

Chris Fearne, Evarist Bartolo, Helena Dalli, Edward Scicluna, Jose Herrera, Michael Falzon, Aaron Farrugia, Silvio Parnis and Anthony Agius Decelis