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MALTATODAY 11 December 2022

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maltatoday | SUNDAY • 11 DECEMBER 2022 Malta's Labour Party victory in the general elections in March 2022... ratified Robert Abela as Prime Minister. This reinforces DBRS Morningstar's expectation for broad policy continuity and continued political commitment to improve the country's institutional and governance f ramework in the coming years. " We expect the government will pass reforms, especially regarding fiscal consolidation and the EU recovery plan, and handle the cost-of-living situation without too many hurdles... Inflation is set to be one of the lowest in the EU as government intervention contains energy prices. " 9 DECEMBER 9 SEPTEMBER MALTA FID-DIREZZJONI T-TAJBA Moody's: Malta's economic diversification underpins its resilient growth prospects despite the expected global downturn. " 18 NOVEMBER The 2023 budget is the first budget presented by the re-elected Labour government and maintains an expansionary focus. Various social spending measures aim to mitigate the impact of higher inflation and include an increase in the weekly cost of living adjustment, increases in pensions and child allowances, one-off payments to the most vulnerable and tax refund cheques. " 11 NOVEMBER Malta maintains its growth trajectory in an uncertain environment. " 11 NOVEMBER

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