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ARTICLE · 27 OCTOBER 2010

New Fiscal Measures Announced in 2011 Malta Budget

Fenech & Fenech Advocates
Fenech & Fenech Advocates
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Fenech & Fenech Advocates

Fenech & Fenech Advocates

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The Minister of Finance, the Economy and Investment, the Hon. Mr. Tonio Fenech delivered the 2011 Budget Speech on the 25th October 2010 and announced a number of fiscal measures aimed at incentivizing internationalisation, investment and business, amongst others.

MaltaGovernment, Public Sector
Rosanne Bonnici
Rosanne Bonnici
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Introduction

The Minister of Finance, the Economy and Investment, the Hon. Mr. Tonio Fenech delivered the 2011 Budget Speech on the 25th October 2010 and announced a number of fiscal measures aimed at incentivising internationalisation, investment and business, amongst others.

These measures are being introduced against a backdrop of positive economic growth registered by Malta as a result of the country's strong performance in the external sector and growth in the domestic sector. The Minister of Finance acknowledged that the tough measures introduced in the previous year's budget had clearly paid off but emphasised the need to exercise continued caution in the context of the current state of the world's economies, including the stark economic realities being faced by a number of EU Member States. Accordingly, said measures are primarily intended to:

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