In the period January-August 2018, Government’s Consolidated Fund registered a deficit of €3.1 million. Compared to the same period last year, recurrent revenue rose by €160.3 million whereas total expenditure went up by €194.6 million. This resulted in a negative change in the Government’s Consolidated Fund by €34.2 million. The Malta Digital Innovation Authority (MDIA)...
Provisional estimates indicate that Malta’s Gross Domestic Product (GDP) for the second quarter of 2018 amounted to €3,001.1 million, an increase of €238.0 million or 8.6% when compared to the corresponding period last year. In real terms, GDP went up by 5.9%. Fintech & Virtual Financial Asset (VFA) Regulation soon to become operative July and...
Gross Domestic Product (GDP) for the first quarter of 2018 amounted to €2,795.1 million, an increase of €171.0 million or 6.5 per cent when compared to the corresponding quarter last year. In real terms, GDP went up by 4.4 per cent. Inbound Tourism Total inbound visitors for April 2018 were estimated at 234,488, an increase...
In January-April 2018, Government’s Consolidated Fund registered a deficit of €95.9 million. In January – April 2017, a surplus of €21 million was registered. The main contributor to this deficit was an increase in expenses of €72.6 million, when compared to same period in 2017, under Programmes and Initiatives. The main developments in the Programmes...
Malta’s Cabinet of Ministers approved three bills, one of which is the Virtual Financial Assets (VFA) Bill that provides the regulatory framework for cryptocurrencies and initial coin offerings (ICOs). The other two bills are the Malta Digital Innovation Authority (MDIA) Bill and the Technology Arrangements and Services (TAS) Bill. All three were presented to the...