Today Minister for Finance Edward Scicluna met with a delegation from Gibraltar led by Chief Minister Fabian Picardo. During this meeting, the parties discussed their respective countries’ state of play in the economic field resulting from Brexit.   PRESS RELEASE BY THE MINISTRY FOR FINANCE The Gibraltarian delegation was also composed of the Deputy Chief…

Minister for Finance, Prof. Edward Scicluna today attended a meeting of the working group tasked with recommending a scheme which provides fiscal benefits for employers who set up a voluntary pension scheme at the place of work. The scheme was proposed in the Budget for 2016. PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE The working…

Matul l-aħħar xhur, il-Gvern kien impenjat f’taħdidiet mat-tmexxija tal-Fondazzjoni tal-Impjegati tal-GO biex tinstab triq għall-ġejjieni sostenibbli għal din il-fondazzjoni u biex issir ġustizzja ma’ ħaddiema preżenti u passati.  Kien intlaħaq ftehim mat-tmexxija tal-Fondazzjoni, liema ftehim iżda ma ġiex aċċettat mill-membri. Minflok, il-membri, jiġifieri l-impjegati preżenti tal-GO, qed jipproponu lill-Gvern li l-Fond jiġi llikwidat u li wara li…

“L-iżvilupp ekonomiku ta’ pajjiżna jiddependi mis-sens ta’ intraprenditorija tas-settur privat Malti, fejn il-Gvern għandu jidħol biss biex iwieżen setturi li mhumiex attraenti għal dan it-tip ta’ investiment”. Dan qalu llum il-Ministru għall-Finanzi Edward Scicluna waqt it-tnedija tal-premju Malta’s Best Entrepreneur of the Year Awards 2016 fi Smart City. Il-Ministru Scicluna spjega li r-rwol tal-Gvern fi ħdan l-ekonomija…

The current turmoil in the EU, the Middle East and North Africa is undermining economic growth in the region. Dialogue, networking and cooperation are the tools through which this impasse can be overcome.   Minister for Finance Edward Scicluna made this statement today whilst addressing the Malta-Libya-Tunisia-Algeria-Morocco Trade Exhibition & B2B Networking Forum event entitled…

The latest General Government data published by the National Statistics Office (NSO) shows a reduction of €116 million in the deficit during the first quarter of the current year, when compared with the first quarter of 2015.   The significant reduction in the deficit was driven by a combination of a fall in expenditure and an increase in…

The Ministry for Finance (MFIN) has published today the annual report for 2015 in line with Article 41 of the Fiscal Responsibility Act. This is the second annual report since the enactment of the Fiscal Responsibility Act in August 2014.   PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE In line with Article 41(2), the…

Latest Government Finance Data issued today by the National Statistics Office (NSO) shows that the consolidated fund deficit for the first five months of this year declined by €47.5 million to €71.3 million, thus becoming the lowest January to May deficit since Malta became an EU member.   PRESS RELEASE ISSUED BY THE MINISTRY FOR…

Minister for Finance Prof. Edward Scicluna addressed a press conference on the launch of the ACCA-X online courses by the Association of Chartered Certified Accountants (ACCA). This was launched in collaboration with Deloitte Malta and AIM Professional Academy.   PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE Speaking during the launch of the ACCA-X programme…

Speaking at a meeting of EU Finance Ministers (ECOFIN Council) in Luxembourg today, 17 June 2016, Minister for Finance Edward Scicluna stated that Malta can accept the latest version of a proposal for an EU Anti-Tax Avoidance Directive following several amendments that have been made to the text which address the country’s original concerns.  …