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Malta Budget 2020 Set To Be Announced On 14 October

30 September 2019

Budget 2020 Malta

 

The Budget 2020 Malta will be announced on Monday 14th October, Finance Minister Edward Scicluna confirmed.

Prof. Scicluna stated that the priorities for the upcoming National Budget are safeguarding the environment, sustainability in water and energy management, improving the road network, investing and promoting social justice and achieving gender balance in Parliament.

In his pre-Budget document, Finance Minister Edward Scicluna highlighted that the theme for the upcoming 2020 Budget will be ‘Sustaining inclusive growth’.

He mentioned the Government will continue with its drive to strengthen regulatory and supervisory institutions, focusing on making Malta a leader in technological innovation while increasing the quality of Malta’s tourism proposition.

Prof. Scicluna also said that sectors including financial services, construction, and tourism could be requested to ‘compensate’ for extra funds dedicated to pensioners and housing.

 

Read Budget 2019 Malta Highlights.

 

Get in touch with BDO’s Tax Advisory Team.