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/ News / Overspending in election cycle ruined deficit reduction, IMF claims 3.5% by 2013
Overspending in election cycle ruined deficit reduction, IMF claims 3.5% by 2013
Malta maintains stability in its economic fundamentals in the face of the major European financial crisis, thanks to its low external debt and a sound banking system. But government debts remains "uncomfortably high" at 90% of its gross domestic product, the International Monetary Fund has warned.
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