Finance Minister Presents Malta’s Annual Progress Report During MCESD Meeting

In a meeting with the Malta Council for Economic and Social Development (MCESD), Minister for Finance Clyde Caruana presented the Annual Progress Report for Malta and participated in an important discussion with members of the Council.

The Chairperson of the MCESD, Perit David Xuereb, explained that the meeting was not only focused on the country’s macroeconomic situation but also on how this is impacting the daily lives of Maltese citizens. The meeting also looked ahead, examining how European and global developments may influence Malta’s national priorities.

Minister Clyde Caruana stated, “The annual report that was presented confirms the strong performance of Malta’s finances. The deficit, which was forecast to reach 4%, is now expected to be even better. By 2026, it is likely to fall below 3%, which shows that our Budget measures are sustainable. This allows us to continue supporting families and businesses without stifling 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 that provided the social partners with a clear picture of where the country stands today and where it aims to go in the years ahead. He noted that this ongoing discussion between the government and the MCESD reflects the administration’s transparency and openness to dialogue.

“It is this sense of honest and clear dialogue that will lead us to shape the Malta of tomorrow together – a Malta that meets the needs of our families, our youth, and our elderly,” said Dr Ellul. He emphasised that such discussions are fruitful and lead to national decisions that truly take everyone into account.

The MCESD social partners actively contributed to the meeting, offering valuable insights that reflect their respective sectoral realities. They reaffirmed their commitment to supporting the development of informed national decisions, policies, and investments — all aimed at the sustainable well-being of the country — through open and constructive dialogue.

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