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Courtesy visit from the Ambassador of the Republic of Poland to Italy
Finance Minister Prof. Edward Scicluna received a courtesy visit from H.E. Wojciech Ponikiewski, Polish Ambassador to Italy who is also responsible for Malta, on Wednesday 12th November, 2013. During the meeting, Prof. Scicluna and Mr Ponikiewski discussed the various similarities between Malta and Poland, among them being the efforts of both countries to diversify the…
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European Commission to comment on the Budget
The European Commission is due to give its reaction to the Budget on November 22, Finance Minister Edward Scicluna said this afternoon. The reaction will be given during a meeting of finance ministers which will also involve the Budgets of the other member states. Prof Scicluna told a press conference that he was optimistic of…
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European Commission notes that wind in Malta’s sails gaining strength
The Finance Ministry welcomes the remarks by the European Commission, as presented in its European Economic Forecast for Autumn 2013, published on Tuesday 6th November, 2013. The Commission’s remarks are further validation that the Maltese economy is gradually picking up speed, thanks to the prudent fiscal administration and forward-looking policy approach of the new Government.…
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Budget 2014 – Ministry for Finance
“Permezz ta’ dan il-baġit konvinti li se nwettqu l-viżjoni tagħna ta’ Malta Aktar b’Saħħitha, Malta aktar Ġusta.” – Ministru għall-Finanzi Prof. Edward Scicluna Budget 2014 Speech >> Budget 2014 Document >> Economic Survey 2013 >> – – – – – – [nggallery id=159] [nggallery id=160] – – – Finance…
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Scicluna promises a ‘Realistic’ Budget tomorrow
The budget that will be presented tomorrow is a realistic one, which is conscious of the financial situation the country is in but which seeks to make the best of it nevertheless, according to Finance Minister Edward Scicluna. In an interview with this newspaper, Prof. Scicluna emphasises that the budget will be doing so “by…
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Malta moves closer to Ipsas
Malta’s finance minister Edward Scicluna has been presented with a report setting out how the country can manage the transition to accrual-based public sector accounting standards. The report was prepared with CIPFA’s input following a workshop held in April on International Public Sector Accounting Standards. It is intended to provide a ‘gap analysis’ of the…
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Unemployment on downward trend, Fourth Lowest in EU
The Finance Ministry wishes to underline that, despite recent newspaper and media reports which are attempting to suggest that unemployment in Malta is increasing, Malta’s unemployment rate is on a downward trend and remains fourth-lowest in the European Union. The Ministry notes a press release published by Eurostat on 1st October 2013 which announced that…
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Need for Harmonized Accrual based public sector accounting standards
Finance Minister Prof. Edward Scicluna met with Ian Carruthers, Policy and Technical Director for the Chartered Institute of Public Finance and Accountancy (CIPFA) and member on the International Public Sector Accounting Standards Board (IPSASB), and Noel Camilleri (Accountant General) to discuss the transition of government public sector accounting to accrual reporting. The meeting was held…
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Finance Ministry takes note of reported error by NSO
The Ministry for Finance notes the statement issued by the National Statistics Office (NSO) which said that the post production validation and checking process has identified a compilation error in the component “Taxes on Production and Imports” originally published on 6 September 2013. According to the statement, this had a significant effect on the Gross…
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Attracting Chinese Financial Services to our shores
Finance Minister Prof. Edward Scicluna said that Malta should now be on the look out to attract a Chinese financial institution since financial services in China have reached a global level-playing field. Prof. Scicluna was speaking during the annual General Meeting of the Maltese Chinese Chamber of Commerce, held on Friday 18th October 2013 at…