EU Council Recommendation to Malta

June 19, 2015

European-Union-EU-Malta-Flags-Chrome-and-Satin-Table-Desk-Flag-Set-231355360493Recommendation for a COUNCIL RECOMMENDATION on the 2015 National Reform Programme of Malta and delivering a Council opinion on the 2015 Stability Programme of Malta.

RECOMMENDS that Malta take action in 2015 and 2016 to:

1. Following correction of the excessive deficit, achieve a fiscal adjustment of 0.6 % of GDP towards the medium-term objective in 2015 and 2016.

2. Take measures to improve basic skills and further reduce early school-leaving by promoting the continuous professional development of teachers.

3. Accelerate the increase in the statutory retirement age and link it to life expectancy.

4. Improve small and micro-enterprises’ access to finance, in particular through non-bank instruments.