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EC forecasts Malta with third lowest negative growth rate in the euro area
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…
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Għotja finanzjarja lill-każini tal-banda Maltin u Għawdxin
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…
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Il-governanza fiskali li kellna tul dawn iż-żewġ leġiżlaturi kienet strumentali
Il-imxija tal-COVID-19 ġabet magħha konsegwenzi bla preċedent fuq l-ekonomiji globali. Il-mod mgħaġġel li bih infirex il-virus ikkawża pressjoni kbira fuq is-sistemi tal-kura tas-saħħa internazzjonali li ma kientx antiċipata. L-attivita’ ekonomika ħadet daqqa kbira hekk kif bdew jiġu mposti lockdowns f’ħafna pajjiżi sabiex tiġi kemm jista’ jkun limitata l-firxa ta’ dan il-virus. Il-Gvernijiet madwar id-dinja rrispondew…
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Managing the economy in a time of crises
The outbreak of the Coronavirus pandemic in early 2020 has brought about unprecedented stresses to the global economy. The unrelenting speed at which the virus spread resulted in unanticipated strains on global health care systems. Economic activity was hardly hit as lockdowns started being imposed in various countries to limit the spread. The Governments around…
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Donazzjoni ta’ 6700 flixkun hand sanitizer
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…
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Surplus for the fourth consecutive year; debt-to-GDP ratio falls close to 40 per cent
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…
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Fitch affirms Malta’s ‘A+’ rating and revises the outlook to ‘stable’
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…
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More Financial Assistance To Help Businesses Address Liquidity Difficulties
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…
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ECOFIN meeting on the stability and economic impact of COVID-19
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…
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L-aspetti ekonomiċi tal-virus Covid-19
Illum, fuq kull midja, sew televiżiva, soċjali jew gazzetti, jfeġġ mal-ewwel l-aħħar aħbarijiet dwar il-Coronavirus. U bir-raġun li l-popolazzjoni qed tithasseb u trid tkun taf aktar dwar l-izviluppi fuq dan il-virus għaliex dan jolqot is-saħħa. Propju għalhekk li l-Organizzazzjoni Dinjija tas-Saħħa u l-ministri tas-saħħa qed jagħmlu minn kollox biex jikkontrollaw it-tixrid ta’ dan il-virus u…