The EU closes the excessive deficit procedure against Malta
03 Aug 2026Effective: 12 Jun 202630 views
Who is affected:
Government of Malta, European institutions and companies operating in Malta
Summary
The EU cancels the excessive deficit procedure that it had open against Malta since 2024, considering that the country has corrected its fiscal situation.
Detailed analysis
PRO
The EU Council repeals Decision 2024/2128 declaring the existence of an excessive deficit in Malta, which means that Malta has met the fiscal consolidation objectives required by the Stability and Growth Pact. This closure of the Excessive Deficit Procedure (EDP) frees Malta from enhanced surveillance obligations and p…
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OJ:L_202601783: Decisión (UE) 2026/1783 del Consejo, de 12 de junio de 2026, por la que se deroga la Decisión (UE) 2024/2128 sobre la existencia de un déficit excesivo en Malta
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