Fabian Demicoli

Pre-Budget document shows sound economic progress

Last Friday Minister Edward Scicluna presented economic figures, projections and Government’s vision to the MCESD members.

The Minister said that the Budget is not a simple accounting exercise but it sets out the direction Government is aiming at. As such the pre-budget document is entitled ‘delivering our vision’.

The Minister said that competitiveness is one of the only parameter on which we have control and maintaining the competitiveness of our enterprises and higher level of productivity is key. This is something the Budget will be addressing.

In addition, the investment priorities of the Government were outlined:

Reforming institutions, employability through education, green economy, energy, health, Gozo and social inclusion.

GRTU CEO Abigail Psaila Mamo acknowledged the positive figures and economic projections outlined in the document however she stated that as usual one will have to see what measures these will translate into in the Budget itself. The CEO also said that once again the problem of bureaucracy and malfunctions of the public administration was on the Budget agenda. So far we have not been successful in making changes that matter in this area, this is something we and our members battle with on a daily basis and it is the main reason our country ranks so poorly. The Government had even appointed a Commissioner to tackle bureaucracy and simplification however we found that the Commissioner’s powers were limited to sending proposals.

 

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