In a meeting with the Maltese Council for Economic and Social Development (MCESD), Minister for Finance Clyde Caruana presented Malta’s Annual Progress Report and participated in an important discussion with Council members.
Minister Clyde Caruana stated, “The annual report presented confirms the strong performance of Malta’s finances. The deficit, which was initially projected to reach 4%, is now expected to be even lower. By 2026, it is likely to drop below 3%, demonstrating that our Budget measures are sustainable. This allows us to continue supporting families and businesses without hindering economic growth. We remain committed to investing in skills and education to ensure the long-term stability of our country.”
Parliamentary Secretary for Social Dialogue Andy Ellul described the meeting as a crucial one, providing social partners with a clear picture of where the country stands and where it aims to go in the coming years. He emphasized that this ongoing dialogue between the administration and MCESD reflects the government’s transparency and openness to discussion.
“It is this sense of honest and clear dialogue that will enable us to shape the Malta of tomorrow together — a Malta that meets the needs of our families, young people, and elderly,” stated Andy Ellul. He added that these discussions yield positive results, leading to policies that genuinely consider everyone’s well-being.
MCESD Chairperson, Architect David Xuereb, highlighted that the meeting was not solely focused on the country’s macroeconomic situation but also on how it impacts the daily lives of Maltese society. The discussion also looked towards the future, examining the influence of European and global developments on Malta’s national priorities.
MCESD’s social partners actively contributed to the discussion, offering valuable insights that reflect the realities of their respective sectors. They remain committed to providing the necessary support in shaping informed national policies aimed at ensuring the country’s sustainable well-being through open and constructive dialogue.
