Government has ended 2020 with a deficit of €1,467.9 million, the NSO revealed today, some €250 million more than forecasted by former Finance Minister Edward Scicluna in the budget announced last October.
Last year, Recurrent Revenue amounted to €4,389.3 million, 11.7 per cent lower than the €4,972.9 million reported
On the other hand, total expenditure stood at €5,857.2 million, 18.0 per cent higher than the previous year.
Leaders of the Netherlands, Germany, and four other countries have issued an ultimatum to the EU over the budget, demanding cuts of hundreds of billions in spending.
Threatening to wi...
Russian President Vladimir Putin has signed a decree to boost the army by 15,500 troops in the fourth such order this year.
"The authorised ... strength of the Russian armed forces is...
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Malta’s Vegetable Production Falls Amid Changing Weather Patterns
Malta’s vegetable production fell by 38% between 2001 and 2021, with changing temperatures and rainfa...
Updated 1055
Malta and Gozo Hit by Widespread Power Cut
A widespread power cut affected Malta and Gozo shortly before 10.15am on Monday, with Enemalta restoring electricity to most...
The European Commission has unveiled an ambitious package of tax reforms aimed at simplifying tax rules across the European Union, reducing compliance burdens for businesses and strength...
The European Union's new Migration and Asylum Pact enters into force on 12 June, ushering in the most significant reform of the bloc's migration framework in years and placing renewed em...
Oil prices rose for a second successive session on Tuesday as lingering concern over Middle East supply disruption brought about by US-Iran conflict outweighed signs of recovering crude...
A committee of Sicilian truckers has announced a five-day freight stoppage at the island's ports next month. The group says the national government has not answered its request for help ...
Artificial intelligence has already transformed industries such as finance and education, but one of its most important tests may come in medicine: discovering new drugs.
Pharmaceutic...
Malta’s new pay transparency regulations, which came into effect on the 5th of June, aim to strengthen fairness and equality in the workplace, but employers are warning that the rushed i...
Malta Public Transport will operate a special bus service during the Science in the City festival, taking place this Friday 25 and Saturday 26 September 2026 at Triton Square. The additi...
Malta Public Transport is encouraging passengers attending Una Notte Con Le Stelle at The Granaries, Floriana, on Saturday 5 September to make use of the regular night bus services opera...
Fears of renewed escalation gripped the Middle East on Wednesday after the United States and Iran exchanged their biggest barrage since July, with Washington striking Iran's southern co...
President Donald Trump announced late Saturday that he had called off planned U.S. strikes on Iran, saying renewed negotiations had raised hopes of easing the conflict and reopening ship...
At least 32 people have been killed and more than 700 injured after two powerful earthquakes — measuring 7.2 and 7.5 — struck central Venezuela seconds apart, causing widespread destruct...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
Poland's Prime Minister Donald Tusk said he expected Moscow to escalate the war in "in the coming weeks", following Russian strikes that hit a Warsaw-bound train in Ukraine, just two kil...
The departure from Moldova of a plane carrying Ukrainian President Volodymyr Zelenskiy to Norway was delayed when authorities closed the country's airspace over a drone alert, a Moldov...
