The 2016 budget presented in parliament by the Minister of Finance Dr.Edward Scicluna is a very similar budget to the previous budget presented in parliament (budget 2015). This budget seeks to continue to promote economic growth on the Maltese islands. In fact the 2016 budget...
Read MoreRecently the Greek parliament managed to pass the second round of austerity reforms. These reforms need to be fully passed for Greece to acquire €86 billion in bailout money. This is due to the European member states (and Germany in particular) driving a hard bargain...
Read MoreDuring 2015 the economy has grown by an average of 4% In April 2015 the unemployment rate was at an all time low 5.7% compared to 5.82% in the last quarter of 2014. The Maltese unemployment rate is much less than the EU average which is held at 9.6%...
Read MoreAn increase in excise duty on cigarettes, tobacco, fuel, cement, alcoholic drinks and beer. An increase of one cent excise duty on fuel shall be introduced in January 2014. An introduction of a refund on expenses on banderoles. An increase in car licence fees in respect of vehicles...
Read MoreReduction in water and electricity tariffs from 25% to 5% as from March 2014. Reduction in tariffs for commercial entities as from 2015. Stability in the prices of petrol, diesel and gas up to December 2013, and in the case of diesel, the prices shall remain unchanged...
Read MoreFormation and set-up of the Jobs committee and allocation of €8.3 million for the running of the Employment Training Corporation (ETC). Investment of €3.8 million to offer free child care centre services for employed parents or single parents who are employed. New service whereby parents may leave their...
Read MoreA pilot project to start introducing tablets in schools A sabbatical paid year for teachers in which they can improve their skills Stipends will be increased in line with the COLA increase and will also be provided for those who repeat a year. Investment of more than €72 million...
Read MoreLaunch of the Individual Investor Programme, a citizenship programme. Allocation the sum of €14.9 million to the Malta Enterprise for the promotion of private, local and foreign investment. Allocation of €38.5 million to the Malta Tourism Authority, an increase of 4%. Amendment of the Micro Invest scheme, whereby small...
Read More€103.6 million are allocated for the investment and sustainability of the environmental and agricultural sectors. A plan for the maintenance and the management of the Family Park is being drawn. In this respect €200,000 are allocated. Registration tax on cars and motors will be reduced. A vehicle scrap...
Read MoreThe national security is allocated the sum of €139 million every year. The national security bracket includes the police, armed forces, civil protection, airport security, immigration and the correctional services. The new identity cards and e-ID will start to be issued throughout the next year. Assistance to Local Councils...
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