-
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 parameters…
-
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…
-
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, Economic Coordination…
-
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 Prime Minister Mario Monti,…
-
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 2016 fell…
-
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 over last year. PRESS RELEASE…
-
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 strong economic growth to sound…
-
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 BY THE…
-
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 2017…
-
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