The Malta Independent 19 October 2019, Saturday

Budget will put an emphasis on further structural reforms

Tuesday, 17 September 2019, 19:14 Last update: about 1 month ago

The Budget will put an emphasis on further structural reforms that are crucial for the country, Prime Minister Joseph Muscat has said.

Muscat was speaking during a Cabinet meeting in Santa Venera, and was talking about the Budget that will be presented on 14 October.

Muscat added that while the past hours showed that international oil prices can rise, reforms in the energy sector resulted in people not even imagining that electricity and water bills can rise.

Muscat said that the value of these structural reforms is that they make Malta future-proof, so that factors of which the government has no control over would not have direct effects on families and businesses.

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He said that the Budget's main priority is to continue implementing the government's electoral manifesto.

Finance Minister Edward Scicluna said that with the economic growth, the number of people at risk of poverty and social exclusion reduced.

 


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