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The finance minister has an important constitutional role. This constitution assigns the exclusive competence to the finance minister to initiate a legislative bill on financial measures. This means that financial measures cannot be introduced through a private member's bills amongst others.
The Malta Financial Services Authority (MFSA) is the main financial regulator of Malta.The MFSA was founded in 2002 when it assumed the responsibilities of the Central Bank of Malta, the Malta Stock Exchange, and the Malta Financial Services Centre. [1]
The Government of Malta (Maltese: Gvern ta' Malta) is the executive branch of the Republic of Malta. It is made up of the Cabinet and the Parliamentary Secretaries. The Prime Minister is appointed by the President of Malta , with the President making their decision based on the situation within the Maltese parliament .
Finance Minister Term of office Political party No. Portrait Name (Birth–Death) No. Took office Left office; 1 Giovanni Felice (1899–1977) 1st 5 March 1962 1963 Nationalist Party: 2 Giorgio Borġ Olivier (1911–1980) 1963 1964 Nationalist Party: 3 Tommaso Caruana Demajo (1910–1973) 1964 7 April 1966 Nationalist Party (1) Giovanni Felice ...
Malta has had a system of local government since 1993, [138] based on the European Charter of Local Self-Government. The country is divided into six regions (one of them being Gozo), with each region having its own Regional Council, serving as the intermediate level between local government and national government. [ 139 ]
This is a list of current finance ministers of the 193 United Nations member states, Holy See (Vatican City) and the State of Palestine. Finance ministers of sovereign countries with limited recognition are included in a separate table .
in some countries the finance minister might be assisted by one or more other ministers (some supported by a separate government department) with respect to fiscal policy or budget formation; in many countries there is a separate portfolio for general economic policy in the form of a ministry of "economic affairs" or "national economy" or ...
However, there is a lack of a comprehensive legal framework that identifies and penalizes corruption. For example, to address the revolving door phenomenon, Malta instituted a policy in 2020 that bars certain public employees from engaging in profit-making activities for up to two years after leaving government service. [16]