CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Maltese PM Puts Positive Gloss On Economic Results

Maltese PM Puts Positive Gloss On Economic Results

Tax-news.com

30 October 1999


During a press conference to present the achievements of his government's first year in office, Malta'a PM Eddie Fenech Adami said that the financial deficit would be only 4% this year, taking in the proceeds of the sale of Mid-Med Bank to HSBC. It would be 9.5% without those proceeds; down from the yawning 12.5% in 1998 but still too high for a country with high debts - Central Government debt at the end of September stood at $2,027m, representing 55% of GDP, up from 50% a year ago. This may not sound too bad, but when state-owned enterprise debt is added, the figure comes close to 100%. Other recent news included unemployment slightly down at 5.5% and inflation well under control at 1.73%. The all-important tourist industry showed a 9-month rise in arrivals of 3.4% and in receipts, 7%, over the same period last year.

.

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »