The Malta Independent 25 May 2020, Monday

Coronavirus and jobs: Economy Minister wants to double direct financial assistance

Sunday, 22 March 2020, 13:59 Last update: about 3 months ago

Economy Minister Silvio Schembri has proposed a new economic package, worth twice as much as the measures announced by government this week, sources said.

On Wednesday, Abela announced a €1.8 billion package aimed at safeguarding businesses and jobs. The measures, however, were criticised by the Opposition and the business sector, who said that only around €200 million are in the form of direct assistance.

Sources said Schembri's new proposals, which would see the direct financial assistance doubled, are being discussed by government but have not yet been approved because there is some resistance by 'conservative elements.'

ADVERTISEMENT

In a Facebook post, Economy Minister Silvio Schembri said the government needs to be less conservative and have to courage to do more to save businesses and jobs.

Schembri said the government is listening to the stakeholders and said we must act wisely and use the country's finances in the best way possible and in a responsible way.

"We can do more to help. I am certain that our businesses and workers will also do their part," Schembri said.

Speaking on Sunday morning, Abela said the measures announced on Wednesday were "ambitious" but signalled that they could be changed. 


  • don't miss