Fabian Demicoli

Government must change strategies and people

Enterprise in Malta is in dire striates. The pressure from government is increasing as the public sector strives to resolve the financial mess it has landed in after the spending spree that Malta has experienced over the last 20 years. Under pressure from Brussels the Government of Malta now must act to resolve the financial quagmire. More spending means more deficits. More deficits means more public debt. More public debt means more taxation. More taxation means less consumption and less investments. Less investments means lower GDP. Lower GDP means we are all poorer and less able to pay the taxes imposed on us.

Enterprise in Malta is in dire striates. The pressure from government is increasing as the public sector strives to resolve the financial mess it has landed in after the spending spree that Malta has experienced over the last 20 years. Under pressure from Brussels the Government of Malta now must act to resolve the financial quagmire. More spending means more deficits. More deficits means more public debt. More public debt means more taxation. More taxation means less consumption and less investments. Less investments means lower GDP. Lower GDP means we are all poorer and less able to pay the taxes imposed on us.

Enterprise is expected to grow and compete irrespective of this situation. Entrepreneurs expect strategies to be implemented that succeed to resolve matters and lead to a better future.

GRTU however is not convinced that these strategies exist. Too many politicians and too many trade unionists and too many civil society leaders speak as if they know it all to realize one simple and fundamental truth: it is the entrepreneur that is the engine of growth. Investment is created by entrepreneurs. Jobs are created by enterprise. Whether large, medium and small enterprise must thrive. Today enterprise in Malta is not thriving. The policies that needs to be implemented to give enterprise the enthusiasm to grow investment more and plan for a better future are not visible. The future that beckons is dull if we do not resolve this basic fundamental issue. Malta needs to become enterprise driven. Unless Prime Minister introduces fundamental changes in strategies, policies and above all people in key positions, GRTU believe that we will make it. We need to succeed. Entrepreneurs are eager to give the necessary push to have the changes that matter. Together we can push government to move and change in the one right direction: in favour of enterprise.

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The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.

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