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Annual Malta Funds Conference
The Minister for Finance, Prof. Edward Scicluna addressed the first Annual Malta Funds Conference on the 28 April 2016. Minister Scicluna, noted how the myriads of regulations that were introduced in the financial services sector in the wake of the financial crisis, meant a challenge to all those who operate in this sector. PRESS…
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Tax Revenue Continues to Perform
Latest Government Finance Data published by NSO shows that tax revenue for the first quarter of this year continued to be buoyant, outperforming the already positive results recorded in 2015. PRESS RELEASE BY THE MINISTRY FOR FINANCE Indeed, during the first three months of this year, tax revenue increased by €79.1 million over the same…
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Maltese Labour Market reforms discussed at Bruegel Event
During a joint event organised by the Ministry for Finance and Bruegel, a Brussels based think-tank, a number of economists delivered their views on the importance and effectiveness of various policies aimed at stimulating the labour market. PRESS RELEASE BY THE MINISTRY FOR FINANCE [nggallery id=303] In his keynote speech, Minister…
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Unit responsible for carrying out inspections on auditors never ceased its operations
Contrary to which is being erroneously alleged in some sections of the media, at no time did the Quality Assurance Unit within the Ministry for Finance, which is responsible for carrying out inspections on auditors and audit firms, ceased its operations. Neither was it ever left unconstituted for one reason or other. PRESS RELEASE…
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Haircuts are not simply a technical issue, they are a political one
Speaking at an informal meeting of the Economic and Financial Affairs (ECOFIN) in Amsterdam, the Minister for Finance Professor Edward Scicluna welcomed the Council`s commitment to take a step forward in improving the automatic exchange of tax information. He said that Malta supports measures in favour of further transparency, whilst at the same time realising…
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Fiscal targets reached in 2015 exceed expectations
The Ministry for Finance is pleased to note that Government has succeeded once again in reducing the deficit and debt ratios in 2015. PRESS RELEASE BY THE MINISTRY FOR FINANCE Indeed, official figures published by Eurostat show that the general Government deficit as a percentage of GDP has been reduced to 1.5 per cent…
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Edward Scicluna is in Washington for the Spring IMF World Bank meetings
The Minister for Finance Edward Scicluna is in Washington for the Spring IMF World Bank meetings. He is holding discussions with the IMF Article IV Mission, the Rating Agencies, the OECD, and a number of EU ministers. Minister Scicluna is accompanied by the CBM Governor Josef Bonnici and Deputy Governor Alfred Mifsud. Sunday 17th April 2016 …
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Poverty reduction resulting from effective budgetary measures
Finance Minister Prof. Edward Scicluna welcomes the latest figures published by Eurostat which confirm that the proportion of people who are severely materially deprived in Malta has decreased in 2015. According to Eurostat figures, the share of severely materially deprived people in Malta fell by 2.1 percentage points in 2015, from 10.2 percent in 2014…
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Finance Minister at EBRD Constituency meeting in Sarajevo
Minister for Finance Edward Scicluna has recently attended the EBRD constituency meeting in Sarajevo, Bosnia and Herzegovina. The meeting focused on a round table discussion on the potential for foreign direct investment in EBRD countries of operations. The Finance Minister was accompanied by the Central Bank of Malta deputy governor Alex Demarco. PRESS RELEASE BY…
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Żjara mill-Ministru għall-Finanzi fid-Dipartiment tal-‘Capital Transfer Duty’
Il-Ministru għall-Finanzi Edward Scicluna żar id-Dipartiment tal-Capital Transfer Duty kmieni din il-ġimgħa fejn iddawwar mal-post u ġie introdott mal-impjegati mid-Direttur tad-Dipartiment, is-Sinjura Josette Galdes. STQARRIJA MILL-MINISTERU GĦALL-FINANZI [nggallery id=301] Il-Ministru ngħata wkoll deskrizzjoni qasira tax-xogħol li jsir f’kull sezzjoni ta’ dan id-dipartiment, fosthom il-Monte di Pietà, fejn il-Ministru ġie spjegat bix-xogħol li…