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A fiscal surplus during July of this year
Minister for Finance Edward Scicluna welcomes the latest Government Finance Data, published by the National Statistics Office (NSO), which shows during the month of July this year, the government recorded a surplus of €25 million in the Consolidated Fund. The surplus reflected an increase of €28 million in total revenue while total expenditure decreased by…
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Aktar tnaqqis ta’ taxxi għal kull min jaħdem
“Bħala gvern, se nibqgħu nniedu aktar inizjattivi u miżuri bl-għan li jkollna soċjetà aktar inklussiva u se nagħmlu dan billi nkomplu nnaqqsu t-taxxi fuq ix-xogħol”, qal il-Ministru għall-Finanzi Edward Scicluna waqt konferenza stampa fil-Ministeru għall-Finanzi. STQARRIJA MILL-MINISTERU GĦALL-FINANZI Il-Ministru spjega kif kull min jaħdem, sew jekk full-time jew part-time, se jirċievi ċekk għal din is-sena fejn l-ammont li…
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Moody’s affirms ‘A3 Positive’ rating for Malta
The Ministry for Finance welcomes the latest credit opinion by Moody’s Investor Service that affirmed an A3 Rating for Malta with a positive outlook. Moody’s highlighted Malta’s sustained progress on public sector debt reduction and the prospects for further fiscal consolidation on the back of a buoyant economic performance. The rating agency points out that…
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‘Malta continues to outperform EU average growth rates with strong external position’ – DBRS
The Ministry for Finance welcomes the latest credit rating report published by DBRS affirming Malta’s rating at A (high) with a stable trend on its ratings. Indeed, the rating reflects Malta’s remarkable broad-based economic growth, its strong external position and low reliance on external financing, as well as its favourable public debt structure and households’…
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The Pre-Budget 2019 document with MCESD
Minister for Finance Edward Scicluna presented and discussed the economic and financial outlook of the economy and the prospects for the upcoming Budget 2019 with the Malta Council for Economic and Social Development (MCESD). PRESS RELEASE BY THE MINISTRY FOR FINANCE AND THE PARLIAMENTARY SECRETARIAT FOR EUROPEAN FUNDS AND SOCIAL DIALOGUE Minister Scicluna highlighted Malta’s…
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Fitch affirms Malta at ‘A+’ with a stable outlook
“The structural reforms and prudent fiscal policies implemented by the government over the recent years have contributed towards another positive credit rating for our country. Fitch affirmed Malta’s rating at ‘A+’ with a stable outlook. This continues to put minds at rest that the country can optimistically keep on looking forward”, said Minister for Finance…
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PRESS RELEASE BY THE MINISTRY FOR FINANCE
That PN spokesperson for finance Dr Mario Demarco finds himself in a state of denial and in a panic mode at the present time is understandable and may in some way explain the pathetic opinion piece of his in today’s Times of Malta. And with reason. His beloved party is in tatters a few months before…
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Malta’s fiscal performance still on track
Minister for Finance Edward Scicluna welcomes the latest Government Finance Data, published by the NSO, which shows that in June of this year there was a reduction of €26 million in the Consolidated Fund Deficit. Indeed, total revenue increased by €60 million while total expenditure increased by €35 million. PRESS RELEASE BY THE MINISTRY FOR FINANCE…
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The Malta Stock Exchange partnering with international digital companies to expand its operations
The Malta Stock Exchange has launched its subsidiary ‘MSX PLC’. This subsidiary will be entering into strategic joint ventures with reputable international companies in the areas of blockchain and cryptocurrency exchanges thereby expanding the operations of the MSE. The ‘MSX PLC’ will be the fintech and digital asset arm of the Malta Stock Exchange.…
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Government looks forward to working with Commission to address concerns in 4th AMLD transposition into national legislation
The Government of Malta, and the Ministry for Finance in particular, take note of the Reasoned Opinion that was issued earlier today (Thursday 19th July 2018) by the European Commission, based on alleged gaps with regard to Malta’s transposition of the 4th Anti-Money Laundering Directive into Maltese legislation. The Maltese authorities would like to acknowledge…