Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Malta’s Scicluna Says 2013 Budget Figures Show Policies Working

April 23 (Bloomberg) -- Maltese Finance Minister Edward Scicluna said budget-deficit figures released by the European Union’s statistics office showed that the government’s policies are working.

The Maltese government posted a budget deficit equivalent to 2.8 percent of gross domestic product in 2013, down from 3.3 percent a year earlier and below the EU’s 3 percent ceiling, Eurostat said in a report today.

“Prime Minister Joseph Muscat’s government and myself have been very determined,” Scicluna said, adding that Muscat “believed and recognized the importance for Malta to meet its targets for the sake of its own credibility.”

Still, Malta’s state debt increased last year to 73 percent of GDP from 70.8 percent a year earlier. That’s above the European Commission’s winter forecast of 72 percent for 2013 and the EU’s ceiling of 60 percent.

To contact the reporter on this story: Karl Stagno Navarra in Valletta at ksnavarra@bloomberg.net

To contact the editors responsible for this story: Alessandra Migliaccio at amigliaccio@bloomberg.net Patrick Henry

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.