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A general government surplus of €437 million in 2017

“I am pleased to note that we have honoured our commitment of achieving a surplus net of the revenue from IIP”, stated Minister for Finance Edward Scicluna while addressing a press conference held at the Ministry for Finance. PRESS RELEASE BY THE MINISTRY FOR FINANCE The minister stated that the government has succeeded in recording a surplus of €436.6 million in 2017, which is equivalent to 3.9 per cent of GDP, and ... [+]

A cash surplus of €182.7 million registered in 2017

“We are proud to announce a cash surplus in our public finances for a second consecutive year. We are confident that when the same figure is accounted on an accrual basis for general Government, this surplus would be maintained. As a Government, we intend to maintain this momentum in drastically ... [+]

In Algiers for official meetings

Minister for Finance Edward Scicluna visited Algiers, Algeria, at the invitation of the Algerian Minister of Finance, the World Bank and the Arab Monetary Fund, to address a High-level Regional Conference tackling the issues of ‘Youth, Technology and Finance’. The two-day regional conference brought together entrepreneurs from around the globe, ... [+]

Further rating upgrades for the Maltese economy

Malta welcomes yet another two rating upgrades by DBRS and Moody’s respectively. DBRS has upgraded the Republic of Malta to ‘A (high)’ from ‘A’, and Moody’s changed the outlook to ‘positive’ from ‘stable’.   Minister for Finance Edward Scicluna said that “from where I heard the news here in India, these upgrades mean more doors being opened for serious discussion, ... [+]

Fitch Ratings affirms Malta’s credit rating at A+ with a stable outlook

Malta’s high national income per head, robust economic growth, large net external creditor position, and strong governance indicators led to another positive credit rating, this time by Fitch Ratings.     Indeed, the Credit Rating Agency affirmed Malta’s credit rating at A+ with a stable outlook. Minister for Finance Edward Scicluna comments, “This positive ... [+]

Il-HBS jikkonferma titjib fil-kwalità tal-ħajja tal-familji Maltin

Waqt il-ftuħ tal-preżentazzjoni tal-Household Budgetary Survey mill-Uffiċċju Nazzjonali tal-Istatistika (NSO), il-Ministru għall-Finanzi Edward Scicluna qal li dan is-survey jikkonferma titjib fil-kwalità tal-ħajja tal-familji Maltin. STQARRIJA MILL-MINISTERU GĦALL-FINANZI Il-Ministru qal li dan huwa rifless fil-modi ta’ kif varja l-basket tan-nefqa tal-familji Maltin, fejn fost oħrajn naqas il-proporzjon tal-basket tan-nefqa fuq l-ikel, u żdiedet ... [+]

Fiscal surplus reaches €85 million in the first eleven months

The surplus in the consolidated fund balance rose to €85 million in the first eleven months of this year. According to the latest NSO release, this represents an improvement of €145 million, turning a deficit of €60 million in the period January to November of last year to a surplus ... [+]

Africa has reasons to be moderately optimistic

“African countries have reasons to be moderately optimistic with regard to bridging the huge existing financing gap, since both globally and for us Europeans the financial crisis and its associated austerity is behind us.” PRESS RELEASE BY THE MINISTRY FOR FINANCE “Various initiatives by existing and newly set-up international development banks including ... [+]

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 ... [+]

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 ... [+]