Malta Individual Investor Program Contributes 90% of Malta’s Budget Surplus
Official data released by the Government of Malta reveals that, for July 2016 to July 2017, the Malta Individual Investor Program (MIIP) generated almost EUR 400 million in revenue, reflecting a value of 3.72% of the country’s GDP. This coincides with the government recording a budget surplus of almost EUR 440 million; it is believed that the MIIP accounts for 90% of these funds. Malta’s 2017 budget surplus is the highest of all EU countries and the fourth highest globally. This is the second consecutive year in which the country records a surplus.