The 2013 Malta budget was announced on the 28th of November 2012. With a view to maintaining economic and financial stability during these times of economic uncertainty, the Government has announced a reduction in income tax together with a number of other incentives so as to attract further foreign direct investment. Fiscal incentives for a greener environment, an extension of social welfare benefits as well as Government investment in infrastructural and recreational projects have also been announced in the budget for this coming year.