Only Malta and Denmark have complied with the European Commission’s request to submit, by Friday 20 September, the medium-term fiscal-structural plans that the European Union countries intend to apply in accordance with the revised rules of the Stability and Growth Pact (see EUROPE B13348A8).
Malta has chosen to implement a four-year budget plan. With a public deficit of 4.6% of GDP in 2023, the Mediterranean island is one of seven EU countries subject to an excessive deficit procedure...