Malta’s success in containing and reducing the national deficit and debt has been acknowledged by Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici who noted at Malta’s economic performance has exceeded the EU average.

Commissioner Moscovici discussed Malta’s performance with regard to deficit and debt reduction duringthe discussions held with the Finance Minister Edward Scicluna and remarked the European Commission was satisfied with Malta’s efforts in this regard.

He encouraged the Maltese Government to maintain its current debt reduction efforts, to ensure this is sustained over the coming years.

Prof. Scicluna and Commissioner Moscovici also discussed Malta’s economic growth, which has exceeded the EU average and also placed Malta among the top-performing EU countries.

Prof. Scicluna underlined that the country’s new economic momentum was due to the energy and drive of a government that was willing to undertake the necessary reforms to give the economy a much-needed boost.

Commissioner Moscovici and Prof. Scicluna also discussed the government’s plans for reform in various sectors, including energy, judicial, employment, education and pensions. They also discussed the need to strengthen and preserve competitiveness and attract foreign investment.

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