The EU's finance ministers' council expects Malta to exit excessive deficit procedure early next year, Finance Minister Edward Scicluna said today.
Speaking in Brussels, he said the council had discussed the European Commission's Opinion on the draft 2015 budgets of the Eurozone member states. During the session Malta's 2015 Budget was approved.
"I am very pleased to note that the Council has already classified Malta as being under the preventive arm rather than the corrective arm, thus confirming that Malta is expected to exit from the current excessive deficit procedure early next year," Prof Scicluna said.