-
High reduction in the debt-to-GDP ratio in 2015
Latest debt figures published by NSO confirm that the debt-to-GDP ratio decreased by 3.2 percentage points in 2015, falling from 67.1 per cent in 2014 to 63.9 per cent. The 3.2 percentage point decrease marked the highest reduction in the debt-to-GDP ratio over the last decade. PRESS RELEASE BY THE MINISTRY FOR FINANCE The…
-
Finance Minister receives a courtesy visit from the Algeria-Malta Parliamentary Friendship Group
Yesterday afternoon the Algeria-Malta Parliamentary Friendship Group paid a courtesy visit to Finance Minister Edward Scicluna. The Algerian delegation was led by the President of the Algeria-Malta Parliamentary Friendship Group Noura Boudaoud who was accompanied by members of the Algerian Parliament and a representative of the Algerian Embassy in Rome. PRESS RELEASE BY THE…
-
Public finances – Better than last year, in line with projections
Latest Government Finance Data issued today by the National Statistics Office (NSO) show that the consolidated fund deficit for the first four months declined by €31.1 million over the previous year. PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE During the first four months of this year, tax revenue increased by €110.4 million or…
-
Wara l-Panama s-settur finanzjarju tagħna għandu futur?
Jekk hemm suġġet li għadu jissemma bi prominenza fil-midja kemm lokali kif ukoll f’dik internazzjonali, huwa dak tal-“Panama Papers”. Jissemmew listi ta’ ismijiet ta’ individwi, ta’ kumpaniji li kellhom jew għandhom investimenti fi prodotti finanzjarji fil-Panama. Jissemmew ukoll professjonisti li jaħdmu fil-qasam finanzjarju, li għenu u fetħu għan-nom ta’ dawn l-individwi u kumpaniji, biex isir…
-
Finance Minister addresses the Finance Malta 9th Annual Conference
This morning, the Minister for Finance Edward Scicluna addressed the Finance Malta 9th Annual Conference. The conference with the theme “Malta’s Financial Service Industry, Sustaining Growth Through Innovation” was held at the Hilton Hotel in St. Julian’s. PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE While addressing the conference, Minister Scicluna emphasised the importance…
-
“Measures aimed to tackle tax avoidance are welcome, as long as they target abuse and not legitimate investment”– Minister Scicluna
Speaking during an ECOFIN meeting of EU Finance Ministers in Brussels, today Wednesday 25 May 2016, the Minister for Finance, Prof. Edward Scicluna, stressed that measures targeting tax avoidance should serve to tackle abuse and not hit legitimate investment in the European Union. The main item for discussion during the ECOFIN meeting dealt with a…
-
Moody’s – “Malta to benefit from strong economic growth in 2016-17”
The Minister for Finance Edward Scicluna welcomes the latest credit rating report published by Moody’s which expects our country to benefit from strong economic growth this year and the next, backed by solid consumer spending and investment. The report confirms Malta’s A3 Government bond rating and re-affirms Malta’s outlook as stable, supported by the healthy economic outlook and the Government’s access…
-
Il-Ministru għall-Finanzi jindirizza l-ewwel laqgħa tal-Bord tad-Diretturi tal-Uffiċċju tal-Arbitru għas-Servizzi Finanzjarji
Il-Ministru għall-Finanzi, il-Professur Edward Scicluna indirizza l-ewwel laqgħa tal-Bord tad-Diretturi responsabbli għall-amministrazzjoni tal-Uffiċċju tal-Arbitru għas-Servizzi Finanzjarji. L-Uffiċċju ġie mwaqqaf bis-saħħa tal-Att XVI tas-sena 2016 dwar l-Arbitru għas-Servizzi Finanzjarji. STQARRIJA MAĦRUĠA MILL-MINISTERU GĦALL-FINANZI Il-Ministru Scicluna ta ħarsa lejn l-irwol li għandu l-Uffiċċu tal-Arbitru għas-Servizzi Finanzjarji. Huwa wera ruħu fiduċjuż li l-l-Bord se jaħdem b’effiċjenza biex…
-
Dr Reno Borg jieħu l-ħatra tal-ewwel Arbitru għas-Servizzi Finanzjarji
Il-Ħamis 19 ta’ Mejju f’ċerimonja fl-uffiċċju tal-Avukat Ġenerali, l-avukat Dr Reno Borg (BA Hons, MA, LLD) ħa l-ġurament tal-ħatra bħala l-ewwel Arbitru għas-Servizzi Finanzjarji fi ħdan l-Uffiċċju tal-Arbitru għas-servizzi Finanzjarji. Dan wara li fit-18 t’April daħal fis-seħħ l-Att XVI tal-2016 dwar l-Arbitru għas-Servizzi Finanzjarji. STQARRIJA MILL-MINISTERU GĦALL-FINANZI L-Uffiċċju tal-Arbitru għas-Servizzi Finanzjarji huwa organu mwaqqaf…
-
The Welfare State is here to stay – Finance Minister Edward Scicluna
“The Welfare State is not solely there to provide for the poor but also to provide a social insurance system to all citizens, since people tend to under invest in health, education and pensions while not preparing financially for the uncertain events which life brings to them personally or their family”. This was stated by…