According to Eurostat figures quoted by The Times correspondent Ivan Camilleri in Brussels, Malta’s economic growth was the highest among the EU member states – 2.8 per cent.

When considering economic growth, in my layman’s view, one must also check in what areas this economic growth occurred. If, for example, the 2.8 per cent growth was achieved because the previous year the government had reduced its spending on capital projects, and initiated those projects this year (now that the general election is fast approaching) costing many millions of euros – the City Gate, the new parliament and the “roofless” theatre projects, come quickly to mind − then such “growth” can easily result! In fact, I would predict that this so-called “growth” would continue to increase next year with the general election around the corner!

One must also consider whether the many millions spent, which resulted in what is termed − “falsely” I say – “economic growth” or “GDP growth”, would result in more wealth for our economy and the Maltese people! Such projects like the ones mentioned here, and “ the bridge that leads to nowhere” at the entrance to Grand Harbour, would not be contributing one euro to Malta’s future economy.

Instead, as is the case with the new parliament, they will be adding more – and substantial – expenses our tiny country and economy can ill afford!

Eddy Privitera