The Budget for the coming year will be presented on Monday, 26 October, as announced by the Prime Minister. But before the numbers are read out in Parliament, the political battle over what those numbers mean has already begun.
Trade unions, constituted bodies and NGOs have put forward their demands, proposals and expectations, covering everything from household finances and poverty to business competitiveness and the wider economy.
Government, meanwhile, has been busy sending out messages about its priorities. The problem is that those messages have not always pointed in the same direction. At times, the signals have been contradictory, leaving the public to piece together what the Government actually intends to do - and how its emerging agenda squares with the promises made in its pre-electoral manifesto.
That is precisely why the Budget matters.
On 26 October, the Government will have to move beyond slogans and political messaging and put concrete measures, figures and priorities on the table. It will then be possible to judge how closely the reality matches the promises made to voters.
And that brings us to the Opposition.
It is deeply regrettable that the Nationalist Party has, so far, failed to produce a comprehensive pre-Budget document.
That is not a minor omission. The annual pre-Budget debate is one of the few opportunities for the Opposition to put forward, in a single coherent package, its alternative economic priorities and its vision for how the country's finances should be managed.
At a time when middle-class families are increasingly finding that their salaries disappear before the end of the month, the public needs more than political soundbites. It needs a credible roadmap for tackling the financial pressures squeezing household budgets. The same applies to poverty. Thousands of people are living at, or dangerously close to, the poverty line. They need concrete measures, not another round of political promises.
A serious pre-Budget document could have shifted the debate away from rhetoric and towards solutions: responsible management of public finances, targeted measures to relieve hardship and policies capable of improving the quality of life of ordinary people.
The business community, too, deserved a prominent place in that debate.
Businesses across the country are facing mounting pressures, and the Opposition had an opportunity to identify those challenges, articulate specific responses and demonstrate that it has a coherent economic alternative.
It also had an opportunity to resurrect and reinforce proposals contained in its last electoral programme - proposals that clearly struck a chord with voters.
Bringing those commitments back into the pre-Budget debate would have done more than remind people what the PN stood for. It would have demonstrated policy consistency and allowed the party to make a clear case that the concerns of businesses, workers, families and the wider economy remain central to its agenda.
A strong pre-Budget document should never have been merely a catalogue of complaints against Government. It should have been a political statement of intent: here is what Government is doing, here is where it is going wrong, and here is what we would do differently. The Opposition has already shown that it has substance and that it is prepared to scrutinise Government and apply pressure. It has demonstrated a willingness to leave no stone unturned. But that is precisely why the absence of a pre-Budget document is difficult to understand.
The annual Budget is one of the biggest political and economic moments of the year. Allowing such an occasion to pass without putting forward a comprehensive alternative leaves an unnecessary vacuum - one that Government and its critics will be more than happy to fill.
If the Nationalist Party has deliberately decided not to issue a pre-Budget document, then someone in senior party leadership should have the initiative - and the courage - to explain why.
Silence invites speculation.
Worse, it hands political ammunition to the other side.
A clear explanation would at least put the record straight and spare the party and its supporters the inevitable criticism that follows when a significant political decision is left unexplained.
Time is running out.
The PN needs to move quickly and, more importantly, maintain a sustained flow of information to the public on issues that matter. The national Budget is unquestionably one of them.
And there is an even bigger issue that the Opposition cannot afford to ignore.
The Government made a long list of promises during the electoral campaign just over 100 days ago. Those promises are now moving from the realm of campaign rhetoric into the much harsher world of public finances, economic constraints and actual implementation.
That is where promises meet the numbers.
If commitments made during the campaign cannot be delivered as presented, the public deserves to know why. If circumstances have changed, Government must explain what has changed. If the original promises were financially unrealistic, that too must be confronted honestly.
The PN should make this a central part of its scrutiny of the Budget.
It should place the Government's promises alongside the financial realities and force a straightforward question into the national debate: which commitments can actually be delivered, which cannot, and who will ultimately pay the price?
At the same time, the Opposition must resist the temptation to pretend that every economic problem has an easy solution. The international economic environment is uncertain, volatile and complex. Malta does not operate in an economic vacuum, and no responsible political party should pretend otherwise.
But external pressures cannot become a convenient escape route either.
If promises were made with the realities of the international economy already known, Government must explain what has changed between the campaign trail and the Budget table.
The public is entitled to answers.
Which promises were realistic?
Which were politically convenient?
Which will be delivered?
Which will have to be abandoned, watered down or postponed?
And what will the consequences be for taxpayers and the country's finances?
Those are the questions the Opposition should be asking - loudly, relentlessly and with evidence.
The Budget is no longer simply about what Government says it wants to do.
It is about what the Government can actually afford to do.
And on 26 October, the numbers will begin to tell that story.
Gejtu Vella
People & Industrial Relations Consultant