European Commission warns Malta and seven other EU states over excessive budget deficits, urging changes in energy subsidies, traffic, and renewable energy.
European Commission warns Malta and seven other EU states over excessive budget deficits; Malta urged to eliminate energy subsidies, address traffic congestion, and increase renewable energy. EU target is to keep annual deficits within 3% of GDP and overall debt within 60% of output. Maltese government plans to implement Recovery and Resilience Plan, REPowerEU Chapter, and Cohesion policy programs.
June 19, 2024
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