Press Release – 25 ta’ April 2009. Stqarrija mahruga mill-Kandidat ghall-Elezzjonijiet tal-Parlament Ewropew Edward Scicluna Il-gvern mgieghel jammetti li id-deficit u d-dejn huma akbar milli kien qieghed jistma fil-passat b’sistema tal-accounting antikwata Il-Kandidat Laburista ghall-elezzjonijiet ghall-Parlament Ewropew, il-Professur Edward Scicluna, qal li l-Gvern gie mgieghel jammetti li d-Deficit u d-Dejn ghall-2008 huma fil-fatt ikbar milli kien…

Senior economist and Labour candidate for the European Parliament (EP) elections Edward Scicluna said that with its assessment of Malta’s Stability Programme for 2009, “once and for all the EU has clarified a point which I felt was being misunderstood by many local economic observers. “This refers to the quick conclusion reached, that while the…

The economy went into a recession during the second half of 2008, confirming the widespread feeling that Malta was not going to remain unscathed by the “big R”. Economic growth for the whole of 2008 reached 1.6 per cent, which, although positive, was still two percentage points lower than the previous year and half of…

The capital projects proposed by government could be the key for public finances to recover from the current state which saw the deficit expand by EUR74m in January. Statistics issued last week by the National Statistics Office showed that government debt increased by 117 per cent during January to EUR136.5m, more than double the amount…

Never before has such a budget created so much doubts about the true state of our public finances. The same can be said for the loss of credibility in any economic or financial projections supplied by the Government. This creates uncertainty which does irreparable damage to both the private financial and real sectors of the…