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Fitch Rating affirmation of the Country’s Economic Direction
“Fitch’s country rating for Malta, wherein it reaffirmed Malta at ‘A’ with a stable outlook, confirms the country’s economic growth as sustainable and geared to keep outperforming other EU states on GDP growth and employment,” said the Minister for Finance, Prof. Edward Scicluna Welcoming Fitch’s country rating published on Friday 11th September, Prof. Edward Scicluna…
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Government as a Responsible Leader in Green Procurement
The Government is duty bound to act as a responsible leader in the area of green procurement given the millions of euros purchased annually, said the Minister for Finance Prof. Edward Scicluna during a Green Public Procurement and Smart City Support in the Energy Sector (GRASP) Seminar in Valletta. GRASP is a Med programme funded…
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Government’s Vision for Budget 2015 – Videoblog 59
Minister for Finance Prof. Edward Scicluna discusses the recently unveiled Pre Budget Document 2015, and the vision it lays out for the upcoming Budget 2015. Prof. Scicluna explains that the government’s vision for the Budget 2015 will look towards ensuring that social welfare reflects the government’s objective of creating opportunities while discouraging dependencies. At the…
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Consumer expenditure on upward trend in line with the economy
STATEMENT BY THE MINISTRY FOR FINANCE Consumer expenditure by Maltese and Gozitan families measured in volume terms has been increasing strongly at an average rate of 5.1 per cent per annum for the last fifteen months. This is a far higher rate than that observed during the previous fifteen months where it averaged 1.7 per…
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Malta kklassifikata l-Ewwel fit-Tkabbir Ekonomiku
STQARRIJA MILL-MINISTERU GĦALL-FINANZI Huwa ta’ pjaċir għall-Gvern li jara lill-Eurostat tidentifika lil Malta bħala l-ekonomija bl-ogħla rata ta’ tkabbir ekonomiku fl-Unjoni Ewropeja kollha, hekk kif din żdiedet b’1.3 fil-mija fit-tieni kwart ta’ din is-sena fuq il-kwart ta’ qabel. Riżultat bħal dan ikompli jikkonferma s-suċċess ta’ dan il-Gvern f’diversi oqsma tal-ekonomija, fosthom il-ħolqien tax-xogħol,…
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Creating Opportunities not Dependency – Pre Budget Document 2015 launched
The Pre Budget Document 2015 embodies the Government’s commitment to ensuring that the whole of society can benefit from the economic stability and successes achieved so far. Titled ‘Creating Opportunities, Not Dependencies’, the document lays out the government’s vision for the upcoming Budget 2015, which will look towards ensuring that social welfare reflects…
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Scicluna to publish public sector wage bill
The pre-Budget document would list the increase in the public wage bill following the recruitment of nearly 1,900 new employees since Labour’s electoral victory, Finance Minister Edward Scicluna has said. According to recently released figures, 1,879 workers were employed since the March 2013 election. NSO figures show that, between March 2008 and March 2013, some…
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2,700 Children attending free childcare as government facilitates access to work for women
There are currently over 2,722 children aged between 3 months to 3 years attending Child care in both Malta and Gozo and who are currently benefitting from the free childcare scheme, since the scheme was launched in 1stApril 2014. This was affirmed by Minister for Employment and Education Evarist Bartolo and Minister for Finance Prof.…
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Government Finances remain on track and within 2014 Budget Projections
The Government’s finances are on track and are in line with the projections laid down in the 2014 budget. This was confirmed by Central Government Finance figures (January to July 2014) published by the National Statistics Office on Friday 29th August 2014, which show that aside from outstanding payments due by Enemalta, both government revenue…
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Foreign Direct Investment picks up – Videoblog 58
In this video blog Finance Minister Prof. Edward Scicluna discusses recently-published NSO figures pertaining to foreign investment, and explains that investment is considered important because investment allows the purchase of capital such as machinery or staffing, which in turn leads to economic growth for the country. Prof. Scicluna explains that foreign investment is also…