EU takes aim at Malta over excessive deficit

The government's deficit has exceeded EU limits.

The European Union has formally launched excessive deficit procedures against Malta and six other countries.EU rules dictate that a country’s deficit should not exceed 3% of its gross domestic product.Malta’s deficit stood at 4.9% in 2023, which is just under €1 billion.Belgium, France, Italy, Hungary, Poland and Slovakia are also facing excessive deficit procedures.The Maltese...