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Malta Budget 2023 Highlights

Malta’s budget for 2023, which was presented on October 24th by Finance Minister Clyde Caruana, is set out in the shadows of miscellaneous global economic circumstances - the Covid-19 pandemic, a war within European shores and their effect on the local and world-wide economy.

The revised estimates for 2022 show a marked increase in the deficit from the budgeted € 737 million to € 955 million, 5.8% of GDP, and Public Debt reaching 56.97% of GDP. For 2023, the economy is expected to grow by around 3.5% in real terms.

Pre-budget consultation document

The pre-Budget consultation document was officially presented by Finance Minister Clyde Caruana on 16 September 2022.

The document focuses on fiscal and environmental sustainability.