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Malta BudgetGuide

Forecast / target

Economic forecast 2027

The Budget projects 2027 real GDP growth of 3.8%, unemployment of 3.2% and inflation of 2.7%.

Budget 2027Announced

Amount

GDP 3.8%; unemployment 3.2%; inflation 2.7%

Previous

No direct comparator

Effective from

Awaiting guidance

What it means

Forecasts from the 2027 speech: real GDP growth 4.1% in 2026 and 3.8% in 2027; inflation 2.5% and 2.7%; unemployment 3.3% and 3.2%. The general government deficit is projected at 2.6% of GDP in 2027 and debt at 46.76% of GDP.

Affects: Economy.

Still to be confirmed

  • Fiscal balance and debt projections to be extracted.

Sources

  • Diskors tal-Budget 2027, Ministry for Finance (Malta), 2026-10-26. Printed p. 14 (PDF p. 18)
  • Diskors tal-Budget 2027, Ministry for Finance (Malta), 2026-10-26. Printed p. 16 (PDF p. 20)
  • Diskors tal-Budget 2027, Ministry for Finance (Malta), 2026-10-26. Printed p. 53 (PDF p. 57)
  • Diskors tal-Budget 2027, Ministry for Finance (Malta), 2026-10-26. Printed p. 54 (PDF p. 58)

Related measures

Budget 2027AnnouncedPolicy direction

Financial-services regulatory and administrative development

The regulator and MFSAC will continue developing the framework for family offices, crypto companies, fintech and aircraft leasing.

Direction of policy; no individual entitlement implied.

Speech printed p. 55 · PDF p. 59

Budget 2027AnnouncedForecast / target

Tourism visitor outlook stated in the 2027 speech

The speech expects the year's tourist arrivals to exceed 4.5 million.

More than 4.5 million tourists expected; speech-year outlook

Forecast or target—not a guaranteed outcome.

Speech printed p. 56 · PDF p. 60

Budget 2027AnnouncedPolicy direction

KM Malta Airlines strategic-partner discussions

Discussions with airlines on a strategic partner for KM Malta Airlines are under way, with non-disclosure agreements signed.

Direction of policy; no individual entitlement implied.

Speech printed p. 56 · PDF p. 60