ARTICLE
19 October 2015

Malta – A Strong Economy, Budget 2016

CG
CSB Group

Contributor

Established in 1987, CSB Group offers diverse yet specialised business solutions and commercial services to a vast portfolio of corporate and private clients seeking to setup a business or relocate to Malta. With an 100+ team of qualified professionals we strive to be a partner of choice to our clients, providing them with tailor-made solutions, uniquely aimed at helping them succeed.
The Finance Ministry is currently undergoing the final stages of preparation in presenting the budget for the year 2016.
Malta Government, Public Sector

The Finance Ministry is currently undergoing the final stages of preparation in presenting the budget for the year 2016. In a video clip that explains the budget, prepared by the Ministry, Finance Minister Professor Edward Scicluna introduced the theme of 'Malta – a strong economy' for the 2016 budget.

This particular theme was chosen because economic indicators are pointing towards a consistent growth for Malta's economy. This year, Malta experienced one of the strongest economic growth rates across the European Union and the euro zone and was also the fastest growing economy across these regions. In addition, international rating agencies such as Standard & Poor's and DBRS classified and reaffirmed Malta's economic situation as stable for the long term.

Economic growth has risen beyond 5%, unemployment rates are very low, while employment is growing. Minister Scicluna stated that the government is aiming for a fair distribution of wealth among the whole population, both on the social and geographical level and to continue building on past success by introducing more successful measures.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More