Malta meets a large number of the principles of the Fiscal Transparency Code at good
or advanced level. Based on the assessment made in this report, Malta meets the good or
advanced practice on 21 out of 35 principles in the Code. One principle, related to natural
resources, was not relevant to Malta and therefore not assessed. Malta meets the basic practice
on a further 12 principles (Table 0.1). Practices are stronger in the areas of fiscal reporting and
fiscal forecasting and budgeting, where Malta is subject to and complies with the comprehensive
reporting framework established by the European Union. Practices are generally weaker in the
area of fiscal risk analysis and management, notably oversight of public corporations.