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ARTICLE · 20 AUGUST 2018

The Pre-Budget 2019 Document With MCESD

Finance Malta
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Minister for Finance Edward Scicluna presented and discussed 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).

MaltaGovernment, Public Sector
Finance Malta
Finance Malta
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Minister for Finance Edward Scicluna presented and discussed 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 Scicluna highlighted Malta’s economic and fiscal achievements to date. Malta’s economic growth is once again expected to remain above that of the EU average, with a well-contained inflation rate below the 2 per cent EU threshold. In addition, the government has achieved and exceeded the national EU 2020 target employment rate of 70 per cent. The Minister remarked that the supply of foreign labour in different businesses in Malta has eased the problem of labour shortages in certain sectors, as well as contributing positively towards Malta’s economic growth. Nonetheless, the government will continue monitoring the quality of the labour force and tackle skill mismatches in Malta’s labour market.

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