Chamber News

“A critical budget for the country”

11th September 2020

The Chamber President noted how the forthcoming Budget needed to prioritise the Long-Term National Interest

During a meeting of the Malta Council for Economic and Social Dialogue (MCESD) which was held on Wednesday, the President of the Malta Chamber Perit David Xuereb noted how the upcoming budget was critical for the country as it came at a time when the economy needed a clear vision to ascertain its recovery, stimulate re-invention and entice re-investment.

“In this upcoming budget, the country needs to take stock of the current realities, take note of the lessons learnt during the COVID crisis, and develop objectives that are based on a resilient and sustainable way forward for our economy” Perit Xuereb said during the MCESD meeting.

The Chamber President noted how the forthcoming Budget needed to prioritise the Long-Term National Interest ahead of any attempts for quick returns.

“The country should aim its medium-term Economic Vision, towards achieving A Smart Sustainable Island that seeks to increase economic growth while enhancing the quality of life of the people. It is the wellbeing of our people that drives the economy, and economic growth drivers must respect the country’s sustainable development goals and the physical and mental wellness of citizens together with their livelihoods”

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“A critical budget for the country”