In 2018, €242 million of EU funds were invested in Malta’s infrastructure, security, creation of jobs, skills, and better standard of living – the full amount allocated to Malta in the 2014-2020 programming period.
Parliamentary Secretary for European Funds and Social Dialogue Aaron Farrugia said on Friday that the proper management of EU funds played a significant part in the economic success achieved by the country in recent years.
“What this effectively means is that Malta invested all the funds allocated to it on time and will not be sending any funds back as stipulated in the automatic decommitment principle,” he said.
He stressed that this achievement would place Malta’s negotiating team in a stronger position to get a fair deal in the next Multiannual Financial Framework (MFF), for which the negotiations are expected to come to a close by autumn of this year.
• The programmes for which the cumulative total financial target was reached are the Regional Development Fund (€104.8 million), the European Social Fund (€33.8 million), Cohesion Fund (€65 million), the European Agriculture Fund for Rural Development (€20.9 million), the European Maritime & Fisheries Fund (€5.9…
