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ARTICLE · 14 NOVEMBER 2018

Malta Budget 2019

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•Malta registered the highest fiscal surplus in the EU – Malta registered a surplus of €392.7 million, equivalent to 3.5% of GDP in 2017.

MaltaFinance and Banking
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Below are the salient points of the Malta Budget for 2019, which was presented to the House of Representatives by the Hon. Prof. Edward Scicluna, Minister of Finance, on 22 November 2018.

Economic Performance

  • Malta registered the highest fiscal surplus in the EU – Malta registered a surplus of €392.7 million, equivalent to 3.5% of GDP in 2017. Government debt has been reduced to 47% of GDP.
  • Economic growth – Malta registered an economic growth of 5.4% in the first 6 months of 2018.
  • Unemployment rate – Malta registered a record unemployment rate of 3.8%.
  • Cost of living – The Minister announced that the cost of living allowance (COLA) is set to be €2.33 per week.

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