The European Union in Country-Specific Recommendations to Malta has urged the government to take further measures to ensure there is no slippage of its deficit targets.
In a report issued today, the Commission said that in view of the 'high risk of a significant deviation' from budgetary projections, 'stemming essentially from the slippage in 2015,' further measures will be needed in order to ensure compliance with deficit targets in 2016 and 2017. Measures should also be stepped up to ensure the long-term sustainability of public finances.
Labour Market
It said measures need to be taken to strengthen Malta's labour supply, notably through increased participation of low-skilled persons in lifelong learning.
The Commission issues recommendations to all countries in order to encourage national efforts to further boost jobs and growth for the coming 12-18 months.