Malta: Staff Report for the 1999 Article IV Consultation

July 14, 1999

Summary

This 1999 Article IV Consultation highlights that real GDP growth in Malta in 1997 and 1998 continued the declining trend. The contribution to demand from net exports offset weaker growth of real consumption and investment. Export volumes rose by 3 percent and 5 percent in 1997 and 1998, respectively, with machinery exports performing particularly strongly, while import volumes contracted in 1997 by 4 percent before rising by 2½ percent in 1998. Import behavior mirrored that of domestic demand, which slowed as the growth of household consumption fell to below 1 percent in 1997 and 1998.

Subject: Budget planning and preparation, Expenditure, Fiscal policy, Government debt management, Public debt, Public financial management (PFM)

Keywords: Budget planning and preparation, CR, current account, deficit, GDP, GDP ratio, Government debt management, ISCR, liberalization, policy performance, privatization unit, staff definition

Pages:
40
Volume:
1999
DOI:
https://doi.org/10.5089/9781451826562.002
Issue:
060
Series:
Country Report No. 1999/060
Stock No:
1MLTEA0011999
ISBN:
9781451826562
ISSN:
1934-7685

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Notes

Contains the text of Public Information Notice No. 99/59 - IMF Concludes Article IV Consultation with Malta and a statement by Mr. Schlitzer.

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