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At the G20 Finance Ministers Meeting in Baden Baden
As the Presidency of the Council of the European Union, Malta, represented the EU at the G20 Finance Ministers meeting that was held in Baden-Baden, Germany, this week. This was a unique opportunity for a Maltese Finance Minister to participate at this meeting. PRESS RELEASE BY THE MINISTRY FOR FINANCE Convening representatives from the…
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Malta’s economic success stems from Government reforms started four years ago
Malta is currently enjoying economic success as the direct result of the Government’s action in addressing its weaknesses four years ago, such as the low female participation in the labour force. PRESS RELEASE BY THE MINISTRY FOR FINANCE Minister for Finance, Prof Edward Scicluna made this statement as he delivered a key note address at…
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Malta Finance Minister to represent EU Finance Ministers at G20 Meeting
On Friday 17th & Saturday 18th March, Finance Minister Prof Edward Scicluna, will be representing EU Finance Ministers at the G20 Finance Ministers, in Baden-Baden Germany, ahead of the G20 Leaders’ Summit in July. The participation at this meeting by a Maltese Minister is a unique event for Malta, at a time when the country…
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Robust Broad-Based Growth in 2016
Latest GDP figures, published by the NSO and Eurostat, show that the Maltese economy grew by 5 per cent in 2016 marking the highest economic growth rate recorded in the European Union for that year. Nominally, GDP expanded by 6.7 per cent. PRESS RELEASE BY THE MINISTRY FOR FINANCE Economic growth remained broad-based,…
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Another ‘A’ rating for Malta
The Minister for Finance welcomes another positive credit rating report on Malta published by DBRS Ratings Limited, which confirms the country’s stable outlook and its ‘A’ rating. Amongst other factors, the ‘A’ rating reflects Malta’s solid external position, the ongoing improvement in the fiscal position and favourable public debt structure, as well as the…
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Prompt action at Fintech Conference
“We stand at the cusp of a new technological era, the opportunities from which are there for us to harness. For this to happen, we must be able to move fast and in sync.” This is what Minister for Finance Edward Scicluna stated, as he addressed the First Annual Conference on Fintech and Digital Innovation,…
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EU Funds to be used in a responsible and accountable manner
“We need European institutions to send a clear signal to EU citizens and tax payers that EU funds are to be used in a responsible and accountable manner, with full respect to the principle of sound financial management”. This was stated by Minister for Finance Edward Scicluna, when addressing members of the CONT committee as…
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Four international reports confirm Malta’s impressive economic performance, debunk false notions
The reports published by credit rating agency Fitch, the European Commission, and the International Monetary Fund (IMF), confirm the positive results of policies undertaken by Government, and debunk false notions being reported in the media. This statement was made today during a press conference addressed by Minister for Finance Edward Scicluna and Parliamentary Secretary for…
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Further deficit reductions in January 2017
The latest Government Finance Data released by the National Statistics Office show that there was a €33.0 million reduction in deficit for January 2017, when compared to the same period last year. The significant reduction in government deficit is due to an effective control of expenditure growth, which is well within the parameters…
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2017 Country Report: Private debts and poverty risks are falling
The Ministry for Finance welcomes the 2017 Country Report on Malta, published by the European Commission. The report is a comprehensive and in-depth review which not only takes into account the economic performance of the country, but also the progress made by reforms undertaken so as to strengthen the economy’s resilience. PRESS RELEASE…