Finance Malta is a non-profit public-private initiative set up to promote Malta as an international financial centre, both within, as well as outside Malta. It brings together, and harnesses, the resources of the industry and government, to ensure Malta maintains a modern and effective legal, regulatory, and fiscal framework in which the financial services sector can continue to grow and prosper.
The Board of Governors, together with the founding associations: The Malta Funds Asset Servicing Association, the Malta Bankers Association, the Malta Insurance Association, the Association of Insurance Brokers, the Malta Insurance Managers Association, the Institute of Financial Services Practitioners; its members and staff are all committed to promote Malta as an innovative international.
Malta's fiscal surplus of €44.2 million recorded for the first quarter of 2017 has now been termed by Eurostat as being the highest ratio within the EU.
Malta's fiscal surplus of €44.2 million recorded for
the first quarter of 2017 has now been termed by Eurostat as being
the highest ratio within the EU.
At 3.5 per cent of GDP, Malta has exceeded the surplus reported
by Germany and the Netherlands, both at 1.5 per cent.
The surplus for the first quarter accelerated the decline in the
debt ratio. Indeed, Malta recorded a decrease of 2.9 percentage
points and was ranked the country with the fourth highest decrease
in its debt-to-GDP ratio. As a result, in the last two quarters
Malta's debt fell below the 60 per cent threshold.
Minister for Finance Prof. Edward Scicluna stated: "The
results confirm the Government's resolve to continue operating
within a positive fiscal balance for the foreseeable
future."
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