Malta Budget 2016

14.10.2015

Concise summary prepared by ECOVIS Malta 12th October 2015

ECONOMY

  • GDP Growth for 2015 is 4.2% whilst the projected growth for 2016 is 3.6%
  • Unemployment rate expected to be 5.8% in 2015 and 5.6% in 2016
  • Inflation rate in 2015 stands at 1.0% and is expected to increase to 1.8% in 2016
  • Cost of living adjustment set to increase to €1.75 per week

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