IMF Staff Country Reports

Malta: Selected Issues

January 29, 2018

Download PDF

Preview Citation

Format: Chicago

Malta: Selected Issues, (USA: International Monetary Fund, 2018) accessed November 8, 2024

Summary

This paper discusses infrastructure gaps vis-à-vis other EU countries that are most striking in road and energy networks, both in quality and quantity. This is reflected in an unparalleled gap in the approximated public capital stock. Long-term GDP benefits from increasing public investment are estimated to be substantial, ranging between 5¼ and 18¼ percent in net present value over 30 years. Malta’s authorities have started to tackle these challenges by upgrading and diversifying the energy system and by launching a comprehensive transport strategy. These efforts go in the right direction and should be implemented in a budget-neutral manner to support a further decline in the public debt-to-GDP ratio. Malta’s fiscal position has improved considerably in recent years, yet further buildup of fiscal buffers is needed against possible adverse macroeconomic conditions. Therefore, reallocating public spending from current to capital expenditure, as well as making public investment more efficient would help boosting infrastructure.

Subject: Capital spending, Expenditure, Financial institutions, Infrastructure, Loans, National accounts, Public investment and public-private partnerships (PPP), Public investment spending

Keywords: Capital spending, CR, Efficiency frontier, Europe, Financing, Gaming industry, Global, IMF staff calculation, Infrastructure, Intercompany loan, ISCR, Loan, Loan financing, Loans, Malta, Public investment and public-private partnerships (PPP), Public investment spending

Publication Details

  • Pages:

    33

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2018/020

  • Stock No:

    1MLTEA2018002

  • ISBN:

    9781484339510

  • ISSN:

    1934-7685

You May Also Be Interested In...

Colombia: Technical Assistance Report-Report of the Diagnostic Mission on Macro-relevant Climate Change Statistics (July 17–21, 2023)

November 8, 2024

Vietnam: Technical Assistance Report-Report on Residential Property Price Index Mission (April 22-26, 2024)

November 8, 2024

Republic of Tajikistan: Technical Assistance Report-Public Investment Management Assessment with the Climate Module

November 8, 2024

South Africa: Technical Assistance Report-Report on the Compilation of Energy and Air Emissions Accounts Mission (June 10-14, 2024)

November 8, 2024