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A surplus of €4.3 million for the first ten months

Minister for Finance Edward Scicluna welcomes the latest Government Finance Data published today by NSO, confirming a surplus of €4.3 million in the consolidated fund balance for the period January to October of this year. PRESS RELEASE BY THE MINISTRY FOR FINANCE This represents an improvement of €109.2 million, turning a deficit of €104.9 million in the period January to October of last year to a surplus this year. Minister for Finance Edward ... [+]

Another positive report on Malta’s economic performance

Minister for Finance Edward Scicluna welcomes the European Commission’s autumn forecast, published yesterday, which expects the Maltese economy to continue growing robustly with record low unemployment and moderate wage growth, with the current account and the budget balances set to remain in surplus. PRESS RELEASE BY THE MINISTRY FOR FINANCE Malta is ... [+]

Consistent improvement in the fiscal balance in the first nine months of 2017

A surplus of €56.4 million was recorded in the consolidated fund balance for the first nine months of this year. This represented an improvement of €120.1 million in the consolidated fund balance, turning a deficit of €63.6 million recorded in January to September last year, to a surplus this year. PRESS RELEASE BY THE MINISTRY ... [+]

Finance Minister in Washington for IMF/WB meetings

Minister for Finance Edward Scicluna is holding talks with senior officials of leading international financial institutions on the fringes of the 2017 International Monetary Fund (IMF) and the World Bank Group (WBG) annual meetings in Washington D.C., the USA between 12 and 15 October 2017.     Minister Scicluna is discussing Malta’s economic, ... [+]

Żewġ ċertifikati oħra lill-pajjiżna fl-ewwel mitt jum tal-leġislatura

Bi sfond li jfakkar l-ewwel mitt jum ta’ ħidma tat-tieni leġislatura ta’ Gvern Laburista, il-Ministru għall-Finanzi Edward Scicluna indirizza konferenza tal-aħbarijiet li fiha tkellem dwar l-aħħar żewġ ċertifikati ta’ suċċess miksuba għal pajjiżna. Il-Ministru Scicluna innota kif il-Fond Konsolidat kellu surplus ta’ €31 miljun fl-ewwel tmien xhur tas-sena, filwaqt li Standard ... [+]

Il-Ministru għall-Finanzi Edward Scicluna nieda numru ta’ inċentivi fiskali mmirati għal min iħaddem u l-impjegati tagħhom sabiex jidħlu fi skemi ta’ pensjonijiet privati volontarji. L-inċentivi huma fost il-miżuri mħabbrin fil-Budget għal din is-sena. [caption id="attachment_15284" align="aligncenter" width="500"] Minister for Finance Edward Scicluna launches the Voluntary Occupational Pension Scheme[/caption]   Il-Ministru Scicluna enfasizza li ... [+]

Economy continues steaming steadily ahead

The 6.4 per cent economic growth reported by the NSO for the second quarter of 2017 means that Malta has once again recorded the highest economic growth rate in the EU with a growth rate which is nearly thrice the average growth recorded in the EU28 (2.2 per cent) and ... [+]

Fitch upgrades Malta’s credit rating to A+ with a stable outlook

The Ministry for Finance is pleased to attest to another milestone achieved by the Labour Government this year. Indeed, following Standard and Poor’s credit rating upgrade in October of last year, Fitch has now upgraded Malta’s sovereign credit rating from A to A+ with a stable outlook. The upgrade reflects ... [+]

Ħruġ ta’ bond tal-Gvern għall-anzjani: wegħda oħra mwettqa

Il-Ministru għall-Finanzi Edward Scicluna ta dettalji dwar it-tnedija ta’ Savings Bond li għalih huwa eliġibbli li japplikaw dawk l-individwi li twieldu matul is-sena 1955 jew qabel. Konxju mit-tnaqqis drastiku fid-dħul addizzjonali li l-pensjonanti kien qed ikollhom, fid-dawl ta’ tnaqqis tar-rati t’imgħax fuq depożiti fissi mal-banek kummerċjali li kellhom fl-aħħar snin, “kien ... [+]

Malta with highest surplus in the EU – Eurostat

Malta’s fiscal surplus of €44.2 million recorded for the first quarter of 2017 has now been termed by Eurostat as being the highest ratio within the EU.   At 3.5 per cent of GDP, Malta has exceeded the surplus reported by Germany and the Netherlands, both at 1.5 per cent. The surplus for ... [+]