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ARTICLE · 25 NOVEMBER 2015

Government Welcomes Commission's Budget 2016 Assessment

Finance Malta
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The Government welcomes the European Commission's Assessment on Malta's Draft Budgetary Plan, which confirms that Malta's Budget 2016 is compliant with the Growth and Stability Pact.

MaltaGovernment, Public Sector
Finance Malta
Finance Malta
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The Government welcomes the European Commission's Assessment on Malta's Draft Budgetary Plan, which confirms that Malta's Budget 2016 is compliant with the Growth and Stability Pact. The European Commission is of the opinion that Malta's growth rate of government expenditure is line with the applicable expenditure benchmark. Furthermore, Malta's decreasing debt ratio is also expected to meet the EU debt rule.

The Commission expresses its satisfaction with Malta's fiscal efforts and is positive about Malta's ability to reach its fiscal targets. According to the Commission, the deficit is expected to fall to 1.7% in 2015 and to 1.2% in 2016. The Commission is expecting the debt ratio to fall to 65.2% in 2015 and to 63.2% in 2016. These are in line with the targets projected by Malta.

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