• Reform in Capital gains Tax – down to 12 per cent.

• Liberalisation of Energy Services as from 1 January.

• Lm 2.25 COLA increase includes 50c a week to compensate for energy surcharge.

• Pensioners to receive Lm1.67 a week.

• Deficit down to Lm55 million or 2.8 per cent of GDP by end 2006.

• Government expenditure to increase by Lm17.4m to just over Lm1 billion in 2006.

• Economic growth of 1.1 per cent in 2006.

• New Port Authority to be set up.

• Additional funding for industry and specialised small businesses.

• More funds for tourism.

• Reforms in Health and Education – Lm5 million for new schools.

• Privatisation of Tug Malta, MIA and finalisation of BOV and Maltacom sales.

• Reforms at MITTS.