The European Commission Representation and the Malta Fiscal Advisory Council co-organised a half-day conference to discuss the role of fiscal policy for Malta’s sustainable economic growth. The event provided an opportunity to exchange views on key issues relating to the conduct of fiscal policy and the challenges and opportunities ahead now that Malta registered a fiscal surplus, achieved its Medium-Term Budgetary Objective three years ahead of schedule, and complied fully with the fiscal rules prescribed by the Stability and Growth Pact and the Fiscal Responsibility Act. Speakers from key Maltese and foreign institutions presented their views on issues ranging from the budgetary process in Malta, fiscal and structural reforms, fiscal challenges, the Commission’s assessment of compliance with fiscal rules for the euro area countries, debt sustainability and the role of independent fiscal institutions. In the second part of the conference, a panel of experts discussed ways how the role of fiscal policy in the structural reform process can be improved.

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