## Malta: Selected Issues

_IMF Staff Country Reports, January 29, 2018_

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**Canonical URL:** [Malta: Selected Issues](https://www.imf.org/en/publications/cr/issues/2018/01/29/malta-selected-issues-45591)

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## Bibliographic details
- Published: January 29, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484339510.002

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### Infrastructure gaps
- Infrastructure shortfalls are most striking in road and energy networks, both in quality and quantity.
- These gaps are reflected in an unparalleled gap in the approximated public capital stock.

### Long-term GDP benefits from public investment
- 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.

### Actions by authorities
- Upgrading and diversifying the energy system.
- Launching a comprehensive transport strategy.
- These efforts are characterized as going 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.

### Fiscal position and policy recommendations
- Malta’s fiscal position has improved considerably in recent years, yet further buildup of fiscal buffers is needed against possible adverse macroeconomic conditions.
- Recommended measures:
  - Reallocating public spending from current to capital expenditure.
  - Making public investment more efficient.
- Objective: boost infrastructure while maintaining fiscal sustainability.

*Source: "Malta: Selected Issues", IMF Staff Country Reports 2018, 020.*

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- **Country Report**
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_Source: https://www.imf.org/en/publications/cr/issues/2018/01/29/malta-selected-issues-45591_