Issues At Forefront Of Budget Indicate 'Booming Economy'– Finance Minister

12th September 2017

Finance Minister Edward Scicluna noted that the country’s emphasis had shifted from high utility bills and hospital waiting lists in 2013 to issues like the environment, roads, and public cleansing in the space of four years.

Finance Minister Edward Scicluna noted that the country’s emphasis had shifted from high utility bills and hospital waiting lists in 2013 to issues like the environment, roads, and public cleansing in the space of four years.

“This transition is the result of a booming economy,” said Prof. Scicluna, who was addressing a public consultation meeting, while declining to give any details on the measures that the upcoming Budget will entail.

Prof. Scicluna noted that this economic success had resulted in “wear and tear” to the country’s infrastructure, like increased traffic that the roads simply couldn’t keep up with.

Prof. Scicluna said that thanks to the current boom the government was starting to address pending issue which had been relegated to the back burner for years by former administrations, like compensation related to police overtime and funds due to port workers and former electricity board employees. "Though we were not legally bound to give compensation we felt morally obliged to do so," he said.

Asked about poverty, the finance minister pointed out that cutting taxes, on its own, was not enough to address this problem, adding that low income earners were in all probability already tax exempt and so would not benefit.


12th September 2017

Pensioners who missed out on the 62+ Government Savings Bond which was oversubscribed in a matter of hours will have a second chance to benefit from this scheme, as a further €30 million will be offered, Finance Minister Edward Scicluna announced this evening.

7th September 2017

The 2018 Budget will be announced on Monday 9 October, Finance Minister Edward Scicluna has confirmed.

7th September 2017

Finance Minister Edward Scicluna held a public consultation meeting in Gozo ahead of next month’s budget where he emphasised the need to upgrade the country's infrastructure and to boost the island's private sector.

4th September 2017

In its proposals to the Finance Minister as part of the pre-Budget consultation process, the Malta Chamber highlighted the fact that energy prices for medium sized companies in Malta are 42 per cent higher than the EU average, making the price for energy which is being paid by Maltese businesses the highest across Europe.