S&P Global Ratings have confirmed an ‘A-’ rating with a stable outlook for Malta. This remains the highest level of rating that this agency has given to the country in the last decade.
The main reason why the S&P Global Ratings experts took this decision was that according to them there was, “Effective policymaking at the national and European level” which led to the preservation of Malta’s productive capacity as well as its maintenance. moderate the national debt burden.
The S&P Global Ratings report indicates that economic growth in our country has been very strong and noted that investment has increased by 19%. Among the reasons behind this success, foreign experts mention the vaccination program as well as the strong government fiscal assistance. For the time being, the report predicts that the recovery and resilience plan could lead to a growth of 0.8% of our country’s national wealth.
With regard to the FATF, international experts say that “the authorities’ significant progress on the FATF’s recommendations may lead to Malta’s removal from the list in the short term.”
International experts predict that by 2025, the deficit will have narrowed to 1%. Similarly, S&P Global Ratings are predicting that from next year the national debt burden will have fallen below 60%.
