Government says Budget measures are yielding the desired outcome

Recent data by NSO shows families are likely to invest more when compared to last year.

Recent data published by the National Statistics Office (NSO) underline that budget measures are now yielding the desired outcome, the government said.

In a statement, the Ministry for Economic Growth highlighted that the NSO statistics are showing an increase in local consumption as well as more foreign investment, which show that Malta’s economy is doing well.

“A comparison between the first quarter of this year with the corresponding period of 2013 shows that investment increased by a substantial 19%. It also shows that the Gross Domestic Product (GDP) increased by 5%,” the ministry underlined.

The government described these results as a certificate that political instability substantially decreased, leading families to purchase and invest more. 

More in Budget 2014