Perspectives

Government finances

Malta Budget 2017

Deloitte Malta presents a summary and analysis of the Malta Budget 2017 speech presented to the House of Representatives by the Hon. Prof. Edward Scicluna, Minister of Finance on 17 October 2016.

Revenue 2017: €3.97 bn

Income tax and corporate tax

€ 1.316 bn

General Government Adjustment including EBU

€ 0.078 bn

Social security

€ 0.841 bn

Value Added Tax

€ 0.775 bn

Customs, excise and licenses, tax and fines

€ 0.610 bn

Grants

€ 1.091 bn

Other non-tax revenue

€ 0.259 bn

 

Expenditure 2017: €4.02 bn

Interest of public debt

€ 0.219 bn

Capital expenditure

€ 0.362 bn

Health

€ 0.517 bn

Education

€ 0.494 bn

Social security benefits

€ 0.928 bn

Justice. law and order

€ 0.141 bn

Public services and other recurrent expenditure

€ 1.359 bn

 

Disclaimer: This publication reflects high level announcements made in the Budget Speech on 17 October 2016, which are typically implemented through detailed legislative amendments and tax guidelines that have yet to be published. Clients are advised to seek appropriate professional advice following the publication of such detailed amendments or guidelines and prior to implementing any actions based on the information given in this publication.

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