The Malta Chamber CEO Ing. Edward Chetcuti said that the upcoming budget needed to forge an economic future for the country, with a long-term vision for a more sustainable and resilient Maltese society.
Ing. Chectuti was addressing a business breakfast organised by The Ministry for the Economy, earlier this week.
“While addressing the short-term challenges brought about by the pandemic, Monday’s budget needs to put in place the necessary elements that will pave the way for us to reach the strategic objectives of the next decade, for the benefit of the country’s economy and everyone’s quality of life” Ing. Chetcuti said.
The CEO also noted how The Malta Chamber had welcomed the issue of Government vouchers to encourage local consumption during the summer months.
“In its pre-budget proposals document, The Malta Chamber recommended the issue of a second wave of vouchers which would remain focused on hospitality and retail, while however offering consumers more flexibility to decide on how to consume said vouchers” Ing. Chetcuti said.
The CEO concluded that whilst an impressive effort was done to distribute the vouchers by traditional post, using technology to reduce this huge logistical effort needs to be given serious thought in future.