The Government welcomes the European Commission’s Assessment on Malta’s Draft Budgetary Plan, published today, which confirms that Malta’s Budget 2016 is compliant with the Growth and Stability Pact. The European Commission is of the opinion that Malta’s growth rate of government expenditure is line with the applicable expenditure benchmark. Furthermore, Malta’s decreasing debt ratio is…

Minister for Finance, Edward Scicluna, commended the efforts and projects that the Malta Stock Exchange is planning to embark upon in the near future. He said that the MSE has served the country well since it was set up 25 years ago, and that the time is now ripe for it to further its activities.…

Wara snin twal ta’ kliem favur li jkollna f’Malta leġiżlazzjoni xierqa li tintroduċi l-pensjoni tat-tielet pilastru, dan il-Gvern iddikjara l-impenn tiegħu li dawn il-prodotti ta’ pensjoni privata volontarja jiġu introdotti matul din il-leġiżlatura u dan l-impenn wettqu billi aktar kmieni din is-sena daħħal il-leġiżlazzjoni meħtieġa. Dan għamilha possibbli biex illum tiġi varata l-ewwel skema skont…

Addressing two separate high-profile events in London on Wednesday, Minister for Finance Edward Scicluna invited those present to visit Malta to understand the reasons behind its growing success.     The first event was a pre-CHOGM Commonwealth Business Forum Business Breakfast organised by the Commonwealth Enterprise and Investment Council (CWEIC) with the participation of CWEIC…

Government finance data for the first nine months of 2015 show that the consolidated fiscal balance improved by €122.3 million when compared to last year.       Revenue streams retained their momentum, with recurrent revenue increasing by €285.6 million during the first three quarters. The main drivers of this increase were revenue from customs…

Finance Minister, Edward Scicluna addressed the first plenary meeting of the European Audit Inspection Group (EAIG) to be held in Malta. The two-day conference, which brought together 57 delegates from all European Union and European Free Trade Association Member States, was held at the Palace Hotel, Sliema, this week.   PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE   The primary purpose of the…

Il-Gvern huwa impenjat li jinkoraġġixxi lin-nies biex jinvestu flushom b’modi li jirrendulhom aktar mingħajr ma jidħlu f’riskji żejda. Jemmen ukoll li aktar kumpaniji Maltin għandhom jiġu kkwotati fil-Borża ta’ Malta. Għal dan il-għan, hemm bżonn li f’dan il-qasam ikun hemm aktar edukazzjoni u protezzjoni. Dan qalu l-Ministru għall-Finanzi Edward Scicluna waqt id-diskors tal-ftuħ ta’ konferenza…

Malta has reached the required standards that allow international companies in any sector, but particularly in the financial services sector, to be based here and be serviced by highly-qualified and highly-experienced professionals, Minister for Finance Edward Scicluna, said today. He was addressing an event held to celebrate the fifth anniversary of Alter Domus, a European…

Europe has overtightened banking regulation, stunting economic growth, and will not have a meaningful recovery until it gets real about reform and infrastructure, Malta’s finance minister, Edward Scicluna, said on Wednesday. Europe needs investments, new infrastructure, must cut youth unemployment, enact meticulous structural reforms and avoid the sort of shocks like the years of austerity,…

“The ongoing migration crises brought about financial challenges for Member States which Malta is all well too familiar with. Malta could thus support this flexibility being called for by some Member States. Migration is a big burden for countries that are affected, Malta included, but Italy is much more so, and we should help in…