A report by the National Audit Office which assesses the Finance Ministry’s macroeconomic forecasts on the Maltese economy has been published.

The Ministry welcomed the reports’ conclusion, namely that the ministry was adopting the correct approach by sticking to the main assumptions of internationally reputable institutions when forecasting during a time of international economic instability.

It welcomed the report’s remark that “through the use of its macro-economic model and the ad-hoc information available during the forecasting exercise, the forecasts presented are internally consistent and follow sound economic principles”.

The report was completed and presented to the Government at the beginning of September.

The report may be read in the pdf link below.