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winterforecast2017

The EU expects economic activity to remain robust

The Ministry for Finance welcomes the latest winter forecast published by the European Commission which expects economic activity in Malta to remain robust, well above the European Union average. Furthermore, the economic expansion is forecast to continue at a broadly unchanged pace in 2017 and 2018.     Growth is expected to be more self-sustaining in the coming years, fuelled by private consumption, supported by favourable labour market developments, and investment backed by ... [+]

Europe has left crisis firmly behind it – Minister Edward Scicluna

Minister for Finance, Prof. Edward Scicluna stated that in spite of the media’s attempt at portraying the Euro as if it were in perpetual crisis, the Euro’s real crisis is firmly behind it.   PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE Speaking at the European Parliament during an inter-parliamentary conference on Stability, ... [+]
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Minister Scicluna presides over the first ECOFIN under Malta’s Presidency

Minister for Finance Edward Scicluna presided over the first meeting of the Economic and Financial Affairs Council (ECOFIN) under the Maltese Presidency, during which he also presented his working programme which covers financial services, economic governance, investment, taxation and the EU budget. The meeting’s agenda included a presentation by former Italian ... [+]
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Record low 2016 third quarter deficit

The Quarterly Accounts for General Government, published today by the NSO, show that the Government has succeeded in recording the lowest third quarter deficit since data on the General Government deficit started being compiled.   PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE Indeed, the General Government deficit for the third quarter of ... [+]
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Sustained decline in 2016 deficit

The Ministry for Finance welcomes the latest Government finance data published by the National Statistics Office (NSO) showing a reduction of €100.7 million in the consolidated fund deficit in the period January to November of this year. As a result, the deficit for the eleven-month period was more than halved ... [+]
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IMF attributes Malta’s exceptionally strong economic growth to sound policies

The Government welcomes the 2016 Article IV Mission report published yesterday by the International Monetary Fund (IMF) following their ten-day mission to Malta where they evaluated in depth the economic and fiscal state of the Maltese economy. In particular, it welcomes the report’s opening statement where it attributes Malta’s exceptionally ... [+]
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Creditreform assigns A+ rating to Malta

German credit rating agency Creditreform Rating AG assigned an A+ long-term sovereign rating to Malta and described its outlook as stable. Creditreform Rating AG, which forms part of the worldwide operating Creditreform Group, was established in 2000 and is considered as one of the leading rating agencies in Europe.   PRESS RELEASE ISSUED ... [+]
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Pre-Budget document launched – Prosperity with Social Justice

Today, Minister for Finance Edward Scicluna launched the pre-Budget consultation process which will carry the theme ‘Prosperity with Social Justice’, after having presented the Pre-Budget Document 2017 to the social partners within the Malta Council for Economic and Social Development.     PRESS RELEASE BY THE MINISTRY FOR FINANCE Click to download Pre-Budget Document ... [+]
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Courtesy call from British High Commissioner H.E. Rob Luke.

Minister for Finance, Prof. Edward Scicluna receives a courtesy call from British High Commissioner H.E. Rob Luke. Tuesday 9th August 2016 [+]
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Ministry For Finance Publishes Half-Yearly Report for 2016

The Ministry for Finance today tabled in Parliament the half-yearly report for 2016 in line with Article 39 of the Fiscal Responsibility Act. This is the second half-yearly report since the enactment of the Fiscal Responsibility Act in August 2014.     In line with Article 39(8), the half-yearly report provides a review ... [+]