The Ministry for Finance welcomes the 2017 Country Report on
Malta, published by the European Commission.
The report is a comprehensive and in-depth review which not only
takes into account the economic performance in Malta, but also the
progress made by reforms undertaken so as to strengthen the
economy's resilience.
The report acknowledges the impressive levels of Malta's
economic growth and more importantly recognises that "poverty
and social exclusion risks are declining."
Indeed, the European Commission expects that over the coming
years, average potential economic growth will exceed pre-crisis
performance backed by increased productivity and investment.
However, higher growth will not come at the expense of growing
inequalities. In fact, the report states that income
inequality remains stable and below the EU average, concluding,
"...overall the system shows high coverage and adequacy of
benefits and recent reforms are likely to further improve
it."
