Economic Strategy Directorate

The Economic Strategy Directorate provides Government with expert advice and assistance in the formulation of economic policy particularly in relation to macroeconomic conditions, forecasting, public finances, industrial strategy and the EU’s multi annual financial framework.As part of its work programme the Directorate is responsible to maintain its short-term forecasting model and produce bi-annual economic forecasts. The macroeconomic forecasts provide the basis for economically-sensitive fiscal projections which are submitted to the Budget Affairs Division in preparation for the bi-annual budgetary forecasts. The Directorate participates in the Economic and Financial Committee Alternates meetings primarily dealing with fiscal policy making at EU and Eurogroup level in the context of the Stability and Growth Pact. The Directorate also provides inputs to multilateral organisations and agencies such as the European Commission, the IMF and various rating agencies. It also acts as the main interface between the Ministry for Finance and the Malta Fiscal Advisory Council.