New Fiscal Measures Announced In 2012 Malta Budget

Introduction

The Minister of Finance, the Economy and Investment, the Hon. Mr. Tonio Fenech delivered the 2012 Budget Speech on the 14^th November 2011 and announced a number of fiscal measures aimed at incentivizing investment and business, amongst others.

These measures are being introduced against a backdrop of positive economic growth, namely a projected increase in Gross Domestic Product (GDP) of 2.6% in real terms in 2011, and Malta's positive performance in the context of the current global financial crisis. The Minister of Finance listed the following as the main Budget objectives:

• Ensuring the macro economic stability and financial sustainability required to attractive further investment and job creation is in place;