The Malta Independent 11 August 2022, Thursday

Economic growth statistics show population has great faith in government's policies

Malta Independent Wednesday, 11 June 2014, 16:30 Last update: about 9 years ago

PL MP Charles Mangion said in a statement that the recent statistics issued by the NSO on Malta’s economic growth confirm that the Maltese population has great faith in the government’s economic policies.

He said that Malta’s gross domestic product increased by 3. per cent, one of the highest within the eurozone or the European Union Member States, where the average is that of 0.2 per cent and 0.3 per cent respectively.

The statistics also showed that the levels of employment are on the rise.

Dr Mangion said that it is clear that the incentive, whereby first time property buyers are exempted from paying stamp duty, helped boost the construction industry.

He said that the electricity and water reductions are vital since it will help make our country more competitive, while pointing out that the government was doing its utmost to strengthen the skills of workers.

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