During a videoconference meeting with the Finance Ministers of the Euro Area member states held on 8 May 2020, Minister for Finance and Financial Services Edward Scicluna welcomed the agreement reached on the features and standardised terms of the Pandemic Crisis Support to be provided by the European Stability Mechanism (ESM). PRESS RELEASE BY THE…

Għar-raba’ sena konsekuttiva, il-gvern qed jonora wegħda elettorali li jindirizza anomaliji u inġustizzji tal-imgħoddi. Dan qed isir b’sejħa għall-applikazzjonijiet mingħand eks membri tal-korpi mwaqqfa qabel l-1979, eks ħaddiema tax-xatt u uffiċjali tal-pulizija. Bejniethom, mistennija jitħallsu b’kollox madwar €12 miljun. Aktar minn 7,000 persuna se jkunu ntitolati għall-għotjiet li jingħataw skont erba’ skemi mfassla mill-Ministeru għall-Familja,…

L-imxija tal-Covid-19 f’pajjiżna ħolqot sitwazzjonijiet diffiċli ħafna għall-għaqdiet volontarji sabiex ikomplu joperaw. Għal dan l-għan tnieda fond ta’ emerġenza għall-għaqdiet volontarji li jammonta għal €125,000. Dan il-fond, li hu amministrat mill-Kunsill Malti għas-Settur tal-Volontarjat, b’kollaborazzjoni mas-Segretarjat Parlamentari għaż-Żgħażagħ, l-Isport u l-Volontarjat, se jgħin lill-għaqdiet volontarji finanzjarjament f’sitwazzjonijiet eċċezzjonali. Il-Ministru għall-Finanzi u s-Servizzi Finanzjarji Edward Scicluna,…

The Ministry for Finance and Financial Services welcomes the Spring Economic Forecast 2020 published by the European Commission (EC) which corroborates the Government’s own macroeconomic forecasts in expecting economic growth in 2020 to recover the lost ground this year. Indeed, the EC forecast the Maltese economy to grow by 6.0 per cent in 2021 after…

Il-Ministru Scicluna b’għotja finanzjarja lill-każini tal-banda Maltin u Għawdxin Il-Ministru għall-Finanzi u s-Servizzi Finanzjari Edward Scicluna, bħala l-Ministru li jamministra l-Fond għall-Kawżi Ġusti, ta s-somma ta’ €200,000 lill-Għaqda Każini tal-Banda, sabiex jitqassmu f’ammonti ndaqs bejn il-Każini tal-banda kollha ta’ Malta u Għawdex. Dan b’rikonoxximent għall-impenn soċjo-kulturali li dawn il-każini jagħtu lejn is-soċjetà Maltija, fejn il-maġġoranza…

Fi żjara ġewwa l-kumpanija Marsovin, il-Ministru għall-Finanzi u s-Servizzi Finanzjarji Edward Scicluna faħħar l-inizjattiva tal-management tal-kumpanija li f’dan iż-żmien partikolari, waqt l-imxija tal-Covid-19, biddlu l-linja tal-produzzjoni tal-inbid tagħhom f’waħda li minnha ser jibbenefikaw l-isptarijiet u l-pubbliku Malti permezz ta’ manifattura ta’ hand sanitizers. Fid-dawl ta’ din il-kriżi bla preċedent li pajjiżna qed jesperjenza bħalissa, il-kumpanija…

The latest General Government data published by the NSO and Eurostat confirmed that in 2019, the government recorded a surplus in public finances for the fourth consecutive year. As a result, the government debt-to-GDP ratio, which had surpassed the 60 per cent EU threshold to over 70 per cent pre-2013, has now fallen to 43.1…

Fitch affirmed Malta’s sovereign credit rating at ‘A+’, though revising Malta’s outlook to ‘stable’ as a result of the impact of the global COVID-19 pandemic on Malta’s economy and public finances. Fitch forecasts real GDP to contract by 5.9 per cent in 2020 but to revert back to a healthy growth rate of 3.6 per…

During a Press Conference, Minister for Finance and Financial Services Prof. Edward Scicluna and Parliamentary Secretary for Financial Services and Digital Economy Clayton Bartolo announced more financial assistance to ease businesses’ liquidity constraints due to COVID-19 pandemic. STATEMENT BY THE MINISTRY FOR FINANCE AND FINANCIAL SERVICES Following the launch of the Tax Deferral Scheme and…

During a teleconference meeting with the finance ministers of the European Union, held on the 23rd of March 2020, Minister for Finance and Financial Services Edward Scicluna welcomed the proposed financial packages prepared by the European Commission, the European Central Bank and the European Investment Bank, and the easing of the Stability and Growth Pact…