Budget 2019 To Focus On 'Fostering A Quality Culture'

7th August 2018

Prof. Scicluna was discussing the economic and financial outlook of the economy and the prospects for the upcoming Budget 2019 with the Malta Council for Economic and Social Development (MCESD).

Minister for Finance Edward Scicluna said that the theme of the upcoming 2019 Budget would be that of fostering a quality culture.

Prof. Scicluna was discussing the economic and financial outlook of the economy and the prospects for the upcoming Budget 2019 with the Malta Council for Economic and Social Development (MCESD).

He highlighted Malta’s economic and fiscal achievements to date, including above-average economic growth, and a well-contained inflation rate. He mentioned that Government had achieved and exceeded the national EU 2020 target employment rate of 70 per cent.

The Minister remarked that the supply of foreign labour has eased the problem of labour shortages in certain sectors, as well as contributing positively towards Malta’s economic growth. Nonetheless, he said that the quality of the labour force would continue to be monitored, and skill mismatches in Malta’s labour market tackled.

Parliamentary Secretary for European Funds and Social Dialogue Aaron Farrugia noted that the upcoming year is expected to be a challenging one for a number of reasons, including the EU budget negotiations, as well as a slowdown of the EU institutions as a result of the MEP elections. He said that the pre-budget meetings are focused on a long-term budget which takes into consideration ever-changing realities, including the future of work, the workplace, and the fourth industrial revolution.


7th August 2018

ABCC currently ranks 11th worldwide in terms of trading volume, according to data from Coinhills.

6th August 2018

Last year, a study by KPMG found one in every five cigarettes smoked in Malta last year was counterfeit or contraband.

6th August 2018

“We are committed to Malta. We are committed to bring new customers in. We look forward to bringing in more business from our customer base,” SR Technics said.

Martina Said – 4th August 2018

Malta may experience a significant cut in EU cohesion funds for the next period spanning from 2021 to 2027 – but other EU funding opportunities abound.