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EU needs to change its culture towards risk taking and innovation

"For many years after the financial crisis, EU investment and in particular investment in innovation, suffered the fate of government expenditure. As a result, R&D as a percentage of GDP in Europe is significantly lower than in the US. The EU needs to change its culture towards risk taking and innovation." With Ms Christine LAGARDE, President of the European Central Bank. This was stated by Minister for Finance Edward Scicluna during the ... [+]

In Washington for IMF/ World Bank Annual meetings

Minister for Finance Edward Scicluna is attending the 2019 International Monetary Fund (IMF) and the World Bank Group (WBG) annual meetings in Washington, USA, which are being held between 15 and 21 October. PRESS RELEASE BY THE MINISTRY FOR FINANCE These annual meetings serve as a platform for finance and development ministers, ... [+]

Ħarsa ġenerali lejn il-Baġit 2020 | A general overview of the 2020 Budget

Bit-tema, Malta inkomplu nikbru flimkien, il-Ministru tal-Finanzi Edward Scicluna ppreżenta l-Baġitgħas-sena d-dieħla b’nefqa ta’ ħamest elef miljun ewro. Il-baġit ma fihx taxxi ġodda u fost il-miżuri li tħabbru hemm żewġ bonuses għal ħaddiema flimkien mal-kumpens għall-għoli tal-ħajja. Ser tonqos ukoll ir-rata tat-taxxa fuq is-sahra u tħabbar bonus għal kull tarbija ... [+]

Energy taxation discussed at the Informal ECOFIN in Helsinki

“While Malta is aware that the Energy Taxation Directive needs to be updated to reflect present day realities, and to help promote the use of renewable and clean energy sources, the removal of tax exemptions on aviation and shipping fuels will have serious repercussions on many member states, including Malta, ... [+]

FRAUDULENT INFORMATION ON THE SOCIAL MEDIA

B’referenza għan-numru ta’ siti qarrieqa li qegħdin jinxterdu fuq il-mezzi soċjali, il-Ministeru għall-Finanzi javża lill-pubbliku sabiex jinjorahom.  Jidher li fuq l-istess mezzi qegħdin jinxterdu ‘hyperlinks’ ta’ artikli qarrieqa dwar il-Ministru għall-Finanzi Edward Scicluna, kif ukoll hemm oħrajn li malizjożament, qegħdin iħajru lill-pubbliku sabiex jinvestu flushom fi skemi qarrieqa. APPELL LILL-PUBBLIKU BIEX ... [+]

Fiscal data for the first half of 2019 in line with targets

The Ministry for Finance welcomes the latest Government Finance Data, published by the National Statistics Office (NSO), which shows that for the first half of this year, Government revenue continued to be bouyant, with the increase in tax revenue rising by €218 million or 12.5 per cent, reflecting an increase ... [+]

Fitch upgrades Malta’s rating outlook to positive

The Ministry for Finance welcomes Fitch’s outlook upgrade for Malta from ‘Stable’ to ‘Positive’ and its reaffirmation of the sovereign credit rating at A+. Fitch attributes the upgrade to Malta’s robust economic growth, positively noting that in 2018 Malta was the fastest growing economy in the European Union (EU). The fiscal ... [+]

Robust growth sustained in the first quarter of 2019

During the first quarter of this year the Maltese economy continued to be amongst the top performing economies in the EU, growing by 4.9 per cent. In nominal terms, GDP increased by 7.4 per cent. PRESS RELEASE BY THE MINISTRY FOR FINANCE The year-on-year quarterly economic growth rate compared remarkably well with ... [+]

Miżura amministrattiva fiskali għal aktar ugwaljanza

“Wettaqna miżura amministrattiva fiskali li għandha implikazzjonijiet għall-ugwaljanza.” Hekk saħaq il-Ministru għall-Finanzi Edward Scicluna f’konferenza tal-aħbarijiet fejn tħabbar kif koppji miżżewġa kif ukoll dawk f’unjoni ċivili ser ikollhom l-opportunità li jimlew il-formola tat-taxxa b’mod separat. STQARRIJA MILL- MINISTERU GĦALL-FINANZI U MILL-MINISTERU GĦALL-AFFARIJIET EWROPEJ U L-UGWALJANZA Din il-miżura qed tiġi introdotta fid-dawl ta’ numru ta’ ... [+]

Titnieda l-iskema ta’ ‘Equity Sharing’

Il-Prim Ministru Joseph Muscat nieda il-Home Equity Sharing Scheme, skema li se tgħin lil persuni ta’ aktar minn 40 sena biex anke huma jkunu jistgħu jsiru sidien ta’ darhom. STQARRIJA MILL-UFFIĊĊJU TAL-PRIM MINISTRU Il-proċess jibda meta wara li l-applikant jidentifika propjetà b’valur massimu ta’ €200,000, joħroġ minimu ta’ 10% tal-valur, u permezz ... [+]