The Ministry for Finance today tabled in Parliament the half-yearly report for 2016 in line with Article 39 of the Fiscal Responsibility Act. This is the second half-yearly report since the enactment of the Fiscal Responsibility Act in August 2014.     In line with Article 39(8), the half-yearly report provides a review of the…

Il-Ministru għal Għawdex Anton Refalo u l-Ministru għall-Finanzi Edward Scicluna żaru diversi proġetti f’Għawdex, proġetti li jammontaw għal investiment ta’ €50 miljun. Uħud minn dawn il-proġetti qegħdin f’fażi avvanzata, oħrajn tlestew fil-ġimgħat li għaddew, filwaqt li  oħrajn waslu biex jibdew. “L-iskop ta’ din iż-żjara,” qal il-Ministru għall-Finanzi, “huwa li wieħed jara mill-qrib l-investiment qawwi li qed…

Minister for Finance Edward Scicluna stated that there is need for a fair and balanced approach to the application of EU rules governing the public finances in order to ensure that they work in the interest of citizens.   From right to left: Malta’s Minister for Finance Edward Scicluna together with his Italian and Dutch…

The Minister for Finance Edward Scicluna welcomes the latest credit rating report by Standard & Poor’s which expects the Maltese economy to continue being one of the faster-growing economies in the Eurozone. The credit rating agency re-affirmed Malta’s outlook as positive while reiterating its overall rating at BBB+/A-2.   Standard & Poor’s considers that the…

Prof. Edward Scicluna, Minister for Finance, welcomed an EU delegation headed by Mr Alexander Italianer, Secretary General of the European Commission, accompanied by Mr Martin Selmayr, Head of President Juncker’s Cabinet and Ms Clara Martinez-Alberola, Deputy Head of President Juncker’s Cabinet, at the Ministry for Finance.     The meeting was held to discuss the…

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 tal-Finanzi, Edward Scicluna, iddeskriva l-iskema tas-self li ħareġ biha l-PN bħala “pyramid scheme” u waħda li turi kif il-PN għandu problemi mal-banek. Huwa ddikjara dan fis-seduta parlamentari tal-lejla, li fiha ġie diskuss l-abbozz ta’ liġi li se jemenda diversi liġijiet relatati mal-qasam tas-servizzi finanzjarji. Scicluna qal li l-iskema taċ-ċedoli li ħareġ biha l-PN hija…

Government Finance Data issued today by the National Statistics Office (NSO) show that Government revenue and expenditure for 2015 are in line with 2016 Budget estimates. This means that the Government is on track in reaching the 1.6 per cent deficit target for 2015.   On the revenue side, recurrent revenue increased by €247.6 million…

The Nationalist Party’s bizarre assertion that government changed its policy on the Second Pillar Pension shows that it does not understand the basics on the subject matter.   The working group which was mentioned by the Finance Minister was promised in the 2016 Budget and talks about “fiscal benefits for employers who promote private pension…

Waqt konferenza tal-aħbarijiet il-Ministru għall-Finanzi Edward Scicluna flimkien mal-Ministru għall-Familja u Solidarjetà Soċjali Michael Farrugia, kien imniedi mekkaniżmu ta’ inċentiv għal dawk il-persuni li jibqgħu jaħdmu u ma japplikawx għall-pensjoni meta jkollhom dritt għaliha.   Il-Ministru għall-Finanzi qal li dan il-mekkaniżmu bħal ħafna miżuri oħrajn f’budgets li għaddew mhuwiex biss ta’ benefiċċju għal persuni u…