Maltese economy in surplus for the third year running – Scicluna

first_img <a href=’http://revive.newsbook.com.mt/www/delivery/ck.php?n=ab2c8853&amp;cb={random}’ target=’_blank’><img src=’https://revive.newsbook.com.mt/www/delivery/avw.php?zoneid=97&amp;cb={random}&amp;n=ab2c8853&amp;ct0={clickurl_enc}’ border=’0′ alt=” /></a> Christoph SchwaigerChristoph Schwaiger The Minister for Finance Edward Scicluna, has said that Malta is currently in its third consecutive year of surplus. The Minister was accompanied by the Prime Minister when he made this announcement at Castille this afternoon.Scicluna said the government goal is to balance the books.He explained that revenue from the Individual Investor Program (IIP) has helped to amplify the economic surplus. However, without the sale of passports, the government would still be able to generate revenue.Read more:Part of the IIP government income will go towards social initiativesNegative deficit trend in Government Finances – de MarcoMaltese economy thriving but lacks enforcement – ECLast year’s surplus was reported to be € 250.8 million.  The Minister also explained that the national debt had also dropped to 46%, much lower than 70% recorded in recent past.The Prime Minister explained that even with the current surplus, the government was continuing to invest in different projects and measures like free child care.He added that it would be easy to reach a surplus by cutting pensions but this would negatively impact the population.WhatsApp SharePrintlast_img

Leave a Reply

Your email address will not be published. Required fields are marked *