19 June 2013 | 14:40
Latest headlines:
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In its report on public finances in EU member states the European Commissions aid today that Malta, Germany, France, Cyprus, Hungary, the Netherlands and Austria had debt ratios above the 60% threshold in 2011 and further increases of these ratios are projected in all these countries except Germany and Hungary.
The report shows that between 2008 and 2013 the Public Debt/GDP ratio in Malta is set to increase by 12.9% from 62.3% in 2008 to 75.2% in 2013.
The report also says that government revenue in 2012 in Malta this year is expected to be 41.9% of GDP while expenditure is set to be 44.4% of GDP.
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