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Malta Finance Minister to represent EU Finance Ministers at G20 Meeting

On Friday 17th & Saturday 18th March, Finance Minister Prof Edward Scicluna, will be representing EU Finance Ministers at the G20 Finance Ministers, in Baden-Baden Germany, ahead of the G20 Leaders’ Summit in July. The participation at this meeting by a Maltese Minister is a unique event for Malta, at a time when the country holds the rotating Presidency of the Council of the European Union.   PRESS RELEASE BY THE MINISTRY ... [+]

Another ‘A’ rating for Malta

The Minister for Finance welcomes another positive credit rating report on Malta published by DBRS Ratings Limited, which confirms the country’s stable outlook and its ‘A’ rating.   Amongst other factors, the ‘A’ rating reflects Malta’s solid external position, the ongoing improvement in the fiscal position and favourable public debt structure, as ... [+]

Further deficit reductions in January 2017

The latest Government Finance Data released by the National Statistics Office show that there was a €33.0 million reduction in deficit for January 2017, when compared to the same period last year.     The significant reduction in government deficit is due to an effective control of expenditure growth, which is well within ... [+]

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 ... [+]

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, ... [+]

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 ... [+]

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 ... [+]

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 ... [+]

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 ... [+]