Today, Monday the 14th of October, marks the presentation of the third budget of this legislature. According to sources close to the government, Budget 2020 is a continuation on previous budgets, aiming to build on what was attained in the past, with a focus on the carrying out of the electoral manifesto as top priority.
In a blog post earlier this month, Minister for Finance, Profs Edward Scicluna wrote that a man’s wants and needs always far outweigh his actual resources. And therefore, a problem is created. He likened this scenario to a country with limited resources but several needs. Profs Scicluna continued that it remained imperative for the government to identify the priorities and finance these priorities accordingly.
Profs Scicluna concluded his blog post by saying, “the demands are great and the pressures greater. This Government assumes its responsibility, decides and then presents the way forward. It now remains for the individual and the Maltese and Gozitan families to hear on the day of the Budget, what the Government will announce for its plan for the coming year.”
Meanwhile, addressing a political activity in Għaxaq, Prime Minister, Dr Joseph Muscat said that today’s budget will not introduce any new tax hikes, “taking nothing” from the people, instead delivering the all-important peace of mind through Budget 2020. Dr Muscat also said that today’s Budget will provide clear indication of the future changes that Malta would sustain in line with the EU-wide direction on climate change.