Finance Minister Prof. Edward Scicluna explains how earlier last week he delivered an address in the European Parliament on invitation of the President of the European Parliament, Martin Schulz. The address dealt with economic growth and the creation of employment.   Prof. Scicluna explains that this is especially relevant in a context where in…

  Finance Minister Prof. Edward Scicluna explains that the recently-published positive assessment by international credit rating agency Standard & Poor’s underlines the credibility of the Government’s plan to undertake significant reforms while also strengthening the country’s finances. He notes that in its appraisal, Standard & Poor’s welcomed the Government’s reform in the energy sector which…

  In his first blog for 2014, Finance Minister Prof. Edward Scicluna takes a look at the country’s economic and fiscal performance during 2013.   Prof. Scicluna notes that while a complete picture is difficult to obtain as yet as certain figures for the full year are not available before the first months of 2014,…

Finance Minister Prof. Edward Scicluna discusses the recent milestone decision taken by Euro zone Ministers on the Banking Union during an intensive, two-day negotiation and discussion meeting in Brussels. He explains that the Banking Union will be essential to safeguarding depositors and taxpayers in the eventuality of further bank troubles in the wake of the…

  Finance Minister Prof. Edward Scicluna discusses the government’s budgetary process, and ways how this can be improved for the betterment of the country’s finances. Prof. Scicluna explains that this begins with identifying difficulties the Government faces when attempting to reduce its expenditure and thus its deficit, and what is being done in this regard.…

Finance Minister Prof. Edward Scicluna assesses the European Commission’s recently-published reactions to various documents which were submitted by the Government throughout the month of October. Prof. Scicluna notes that the Commission’s reactions were favourable as it is satisfied with how the Government is handling the country’s finances. Prof. Scicluna especially welcomes the Commission’s conclusion that…

Finance Minister Prof. Edward Scicluna speaks about the pride he felt while presenting the very first budget as prepared by the new Labour Government, and which outlines its vision for the future of the country. Prof. Scicluna explains that the Budget is not simply an accounting exercise which shifts funds from one department or ministry…