Commissioner Pierre Moscovici acknowledges Malta’s debt and deficit reduction efforts

Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici has recognised Malta’s success in containing and reducing the national deficit and debt, whilst noting that Malta’s economic performance has exceeded the EU average.


Press Statement by the Ministry for Finance


Commissioner Moscovici stated this during the discussions held with the Minister for Finance Prof. Edward Scicluna on Wednesday 18th February 2015.

During the meeting, Minister Scicluna and Commissioner Moscovici discussed Malta’s performance with regard to deficit and debt reduction. He remarked that the European Commission is satisfied with Malta’s efforts in this regard.

Commissioner Moscovici encouraged the Maltese Government to maintain its current debt reduction efforts, to ensure that the debt reduction affected so far is sustained over the coming years.

Minister Scicluna and Commissioner Moscovici also discussed Malta’s encouraging rate of economic growth, which has exceeded the EU average and also places Malta among the top-performing EU countries.


Minister Scicluna underlined that the country’s new economic momentum was thanks to the energy and drive of a new Government who was willing to undertake the necessary reforms to give the economy a much-needed boost.

Minister Scicluna and Commissioner Moscovici also discussed the Government’s plans for reform in various sectors, including the energy sector, the judicial system, the labour market, the education system, pensions, and also the need to strengthen and preserve competitiveness and attract foreign investment.


Thursday 19th February 2015


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