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Private sector is driving force
I would be a very worried minister and member of this government if the surge in Malta’s economic growth was solely, or primarily, due to uncontrolled government employment. But this is the picture which the Opposition is trying to depict. It is building its case through anecdotal evidence and questionable use of statistics. The Opposition…
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Malta set to establish itself as leading financial services jurisdiction
PRESS STATEMENT BY THE MINISTRY FOR FINANCE While addressing the 4th Annual Malta Fund Two-Day Conference 2014, AIFMD One Year After: Implications for Funds, Managers & Service Providers, held at St Julians on Thursday 18th September 2014, the Minister for Finance Prof. Edward Scicluna said, “I see the next ten years as the pivotal…
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Opposition attempting to muddle official statistics for political mileage
STATEMENT BY THE MINISTRY FOR FINANCE The Minister for Finance, Prof. Edward Scicluna is disappointed to note the Opposition’s attempts to muddle official statistics for political mileage. The Minister for Finance refers to the News Release on the Gainfully-Occupied Population for April 2014 published by the NSO on Thursday 11th August 2014. On the…
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Public Consultation Meeting at Grand Hotel Excelsior – Floriana – 15th September 2014
Addressing a pre-budget public consultation meeting, Finance Minister Edward Scicluna this evening said that social protection systems promote an equitable and inclusive society, however they may give rise to dependency and passivity, and are prone to fraud and other abuse. [nggallery id=210] He said that over the past 15 months, the government had…
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“Fiscal consolidation must be accompanied by productive investment”
Speaking at a meeting of the Economic and Financial Affairs (ECOFIN) in Milan, the Minister for Finance Professor Edward Scicluna stated that “while lack of investment is an EU wide problem, there are big EU firms awash with money but with little appetite for investment. At the same time one finds small firms having lots…
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Jury still out on pensions – Videoblog 60
During his weekly video blog, the Minister for Finance Prof. Edward Scicluna discusses the issue of sustainable pensions and how these can be achieved and safeguarded in the long-term so as to assure peace of mind now and in the future. Prof. Scicluna explains that this can be done in various ways according to various…
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Fitch Rating affirmation of the Country’s Economic Direction
“Fitch’s country rating for Malta, wherein it reaffirmed Malta at ‘A’ with a stable outlook, confirms the country’s economic growth as sustainable and geared to keep outperforming other EU states on GDP growth and employment,” said the Minister for Finance, Prof. Edward Scicluna Welcoming Fitch’s country rating published on Friday 11th September, Prof. Edward Scicluna…
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Government as a Responsible Leader in Green Procurement
The Government is duty bound to act as a responsible leader in the area of green procurement given the millions of euros purchased annually, said the Minister for Finance Prof. Edward Scicluna during a Green Public Procurement and Smart City Support in the Energy Sector (GRASP) Seminar in Valletta. GRASP is a Med programme funded…
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Government’s Vision for Budget 2015 – Videoblog 59
Minister for Finance Prof. Edward Scicluna discusses the recently unveiled Pre Budget Document 2015, and the vision it lays out for the upcoming Budget 2015. Prof. Scicluna explains that the government’s vision for the Budget 2015 will look towards ensuring that social welfare reflects the government’s objective of creating opportunities while discouraging dependencies. At the…
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Consumer expenditure on upward trend in line with the economy
STATEMENT BY THE MINISTRY FOR FINANCE Consumer expenditure by Maltese and Gozitan families measured in volume terms has been increasing strongly at an average rate of 5.1 per cent per annum for the last fifteen months. This is a far higher rate than that observed during the previous fifteen months where it averaged 1.7 per…