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2016 deficit continues its decline in September

The Ministry for Finance welcomes the latest statistics published by the National Statistics Office (NSO) showing a decrease of €98 million in the consolidated fund deficit between January and September 2016 when compared with the same period last year.   The reduction in the deficit is buoyed...

Standard and Poor’s upgrades Malta’s credit rating to ‘A-’

“The budgetary measures and reforms carried out by government in the last three years have been vindicated to the full by the latest credit rating report by Standard and Poor’s which raised Malta’s rating from ‘BBB+’ to ‘A-’, the first time it raised Malta’s credit...

Lower deficit registered in first eight months of 2016

A surplus of €61.9 million was recorded in the consolidated fund during the month of August while the deficit for the first eight months of this year decreased to almost half that recorded last year.   This data emerged from the latest Government Finance Data issued today...

Malta ranked at the top of the EU Scoreboard

Malta has continued to rank among the top 5 European Union Member States according to the latest Competitiveness scoreboard published by the European Commission today.   The Minister for the Economy, Investment and Small Business Chris Cardona attended the Competitiveness Council meeting in Brussels where EU Ministers...

Risk aversion is stifling international business

Minister for Finance Edward Scicluna stated that risk is a matter of concern which needs to be carefully managed, while risk aversion in itself can potentially stifle investment especially in relation to emerging markets.   While speaking during a seminar organised by the Minister Federation of European...

DBRS confirms Malta’s ‘A’ rating

In its latest report on Malta, DBRS Ratings Limited confirmed the country’s stable outlook and its ‘A’ rating, referring to the country’s economic resilience, thanks to its low reliance on external financing and its successful efforts at restructuring state owned enterprises which had run into...

Robust economic growth set to continue

The strong momentum exhibited by the Maltese economy during the last three years has continued during the first half of this year. Indeed, figures published by the NSO show that the Maltese economy grew by 4.1 per cent in real terms during the first half...

Moody’s affirms Malta’s A3 rating, Stable Outlook

The Ministry for Finance welcomes the latest rating by the international credit rating agency Moody’s re-affirming Malta’s rating at A3 with a stable outlook.   The Ministry notes that the main factors underpinning Moody’s rating were Malta’s resilient economy, its competitiveness level, the recent structural reforms, the...

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