“The success currently being registered by the country all boils down to the Government beiong fearless to reform” said the Prime Minister the Hon Dr Joseph Muscat as he was participating in an event organised by the Malta Chamber and EMCS titled ‘The state of the Maltese Economy’ on Wednesday.
Interviewed by EMCS Partner Mr Stefano Mallia, the Prime Minister the Hon Dr Joseph Muscat said admitted that it would be much easier for the Government not to change, but “the moment the Government stops changing and reforming, is the moment the country starts its downfall”.
The event provided an analysis of the performance of the Maltese Economy and featured contributions by a list of international guests speakers together with Malta’s leading economic voices. The event also featured interviews with the Leader of the Opposition Dr Adrian Delia.
The Prime Minister spoke about the current reforms, from the energy sector and the change-over to electric cars, to promoting increased female participation in the labour market through incentives such as universal free childcare. He pointed out another major reform that was announced yesterday, aimed at achieving equal representation in Parliament. “If in the history of our Parliament there are only 27 women and hundreds of men, then something must be wrong. And this is ample reason to challenge ourselves to bring about the necessary change.”
When asked by Mr Mallia if Malta’s economy was moving too fast, Dr Muscat said his role as a policy maker was not to meet the forecasts but to beat them. He emphasised that when “you give the economy the right signals, the right things will start to happen”.
The Prime Minister also spoke about the challenges Brexit would bring, the new economic tech niches such as blockchain and AI, the country’s new space policy, the challenges of the Planning Authority, whether self-regulation of architects should be introduced, the Gozo tunnel, a mass transport system for Malta, and the ongoing €700 million nation-wide infrastructural project.