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Budget 2008


The Prime Minister and Minister of Finance presented the Budget for calendar year 2008 which is the last budget for this legislature. This Budget has three main economic objectives:

  • to reduce the deficit by Lm20 (EUR46.59) million to 1.2% of the Gross Domestic Product;
  • to allocate Lm140 (EUR326.11) million in infrastructural capital projects; and
  • to increase disposable income by Lm21 (EUR48.92) million.

The above economic objectives together with a number of fiscal measures which are highlighted in this newsletter should continue to stimulate Malta's economic growth.

Taxand's Take

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