IMF advises Malta to cut energy subsidies, improve infrastructure to boost economic growth.

The IMF suggests Malta phase out energy subsidies and adopt targeted support, noting these changes could free up funds for public investment. With economic growth projected at 5% in 2024 and 4% in 2025, the IMF also recommends improvements in tax administration and infrastructure to manage labor shortages and boost productivity. The fund advises aligning fiscal planning with sustainable tourism strategies to address rapid sector growth and related infrastructure strains.

November 18, 2024
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