The Ministry for Finance (MFIN) has published today the annual report for 2015 in line with Article 41 of the Fiscal Responsibility Act. This is the second annual report since the enactment of the Fiscal Responsibility Act in August 2014.

In line with Article 41(2), the Annual Report provides information on the execution of the Budget for 2015 and compares the outcomes with the strategic objectives and priorities outlined in the fiscal strategy and the fiscal targets as announced in the Budget for 2015.

It analyses how the Government has respected the principles and rules stipulated in the Fiscal Responsibility Act. It shows how the fiscal and budgetary policies in the completed budget year are in line with the medium-term objective stipulated in the fiscal strategy. It also provides explanations regarding any deviations from the Government’s medium-term objectives and how these are to be addressed and explain the outcome of the budget in the context of the Government’s European commitments, in particular the terms of the Stability and Growth Pact.

The report has been uploaded on MFIN’s website and can be accessed through the following link: http://mfin.gov.mt/en/Library/Documents/Annual Reports/Annual_Report_2015.pdf