Advert

People's sacrifices paying off, but Malta needs to remain cautious, PM says

The sacrifices which the people had been asked to endure over the past 30 months had borne fruit for the country, but in formulating the Budget for next year, the government was wary that the international economic storm was far from over, Lawrence Gonzi said this morning.

The Prime Minister told a political conference that while other countries were making savage cuts to spending, in Malta, the government was spending a record amount in important sectors such as education, health and social benefits.

Just this week, the British government had announced deep spending cuts which would see 500,000 government workers losing their jobs. This, Dr Gonzi said, showed how the economic storms were still there.

The Maltese should be proud with what they had achieved but could not let down their guard. They needed to consolidate what had been achieved and ensure that Malta remained competitive and investors continued to invest here.

At the same time, the government would continue to support job creation, education, health, social benefits, and sectors such as tourism, which this year enjoyed a record year in terms of arrivals.

The challenge for next year, therefore, was for Malta to remain competitive, safeguard jobs and create new ones, Dr Gonzi said.

MALTA OUTPERFORMS COMPETITORS IN TOURISM

Parliamentary Secretary for Tourism Mario de Marco said that in what was still a crisis year for the international economy, Malta had managed to outperform its Mediterranean competitors in tourism. Growth in arrivals in the first eight months of this year was at 12 per cent and Malta had equalled the first eight months of 2008, which was a record year. Indeed, Malta was expected to achieve a new record this year.

In contrast, he observed, growth by the tourism industry in Spain and Cyprus this year had only been in the region of 0.5 per cent.

Malta's success, he said, was not coincidental but followed increased government spending in the sector which had made possible the opening of new air routes, increased spending on publicity and incentives for the sector to continue to invest in the tourism product.

Arrivals this year, Dr de Marco said, were 100,000 more than the same period last year, despite the problems caused by the ash cloud in April.

Spending by tourists had increased by 20%.

Dr de Marco said that it was important that the government maintained its spending in the social sectors, education and health, but that could only happen if the economy was strong, and the tourism sector was making its contribution to this end.

BUDGET DEMANDS SERIOUSNESS

Finance Minister Tonio Fenech said the country had avoided falling into the financial problems of neighbouring countries because of the responsible decisions taken in the past.

Tomorrow's Budget too, was be an exercise in seriousness, rather that populist decision. It was important that the government continued to rein in the deficit because not to do so would be irresponsible for future generations, as well as the present one.

Advert

27 Comments

Post comment

Please see our new Comments Policy

Comments are submitted under the express understanding and condition that the editor may, and is authorised to, disclose any/all of the above personal information to any person or entity requesting the information for the purposes of legal action on grounds that such person or entity is aggrieved by any comment so submitted.

At this time your comment will not be displayed immediately upon posting. Please allow some time for your comment to be moderated before it is displayed.

For more details please see our Comments Policy

Your User Profile is incomplete.
Please click here to complete your profile before posting comments.

John Gatt

Oct 24th 2010, 15:51

Mario Azzopardi who's presently in government?

J. Formosa

Oct 24th 2010, 16:41

well said...this is what people should realise!! workers don't get their pay form emblems and useless pantos done by Joseph and his Lejber.....workers need someone credible like Lawrence Gonzi, even if tal Labour were, are and will always grumble about everything, but that's their poor mentality unfortunately.

Mike Magri

Oct 24th 2010, 18:27

Mario.. Your comparison is completely Irrelevant, as Dr. Muscat, As YET, has never been a prime minister... But i can assure you, that in a FEW years` time he WILL BE... Then Rest Assured that HE will fullfil your curiosity of Dr. Muscat`s abilities, TO THE UTMOST..

Also... All i can say for sure is, that Dr. Muscat has REVIVED the labour party with his courageous changes to the extend that it is now the MOST POPULAR POLITICAL PARTY on these Islands, and GonziPN`s Regime, has sunk his party, and `il-miskina Malta Taghna`,so deeper and deeper in all kinds of corrupt perception practises, as, as the maltese saying goes..`..Il-Qasba mac-Caqcaqx Ghalxejn..`......!!!!!!!!!!!!!!!!!!!

A.J.Borg

Oct 24th 2010, 19:01

Mario, you are simply pathetic. Lufthansa technik negotiations took place under labour governent, Smart City is still a ghost town, new buses (where??) apparti l-100million subsidy minn flusna, Mater Dei is a project that saw its inception when Gonzi was a nobody.

You cant compare a government with an Opposition party. One cannot do much from the opposition benches. On a party level, yes, PL is by far more appealing than PN.

M. Spiteri

Oct 25th 2010, 14:15

Dear Mario, compare this: Labour in government: children's allowance, pensions and all the welfare benefits; houses to those who couldn't afford; Free Education; Free Health; Freeport; Airport; ST Microlelectronics; EneMalta; Airmalta (quoting Mr. Pat Hobson too!). Mater Dei dear Mario? hahaha the biggest white elephant in recent history|!

Cristinu Vella

Feb 28th, 10:44

Mario Azzopardi,il gid li ghamel il L.P.ghal Malta fi zmien Dom Mintoff qatt ma is semhuh fi 28 sena Malta imissa saret paradise mhux ergajtu gibtu IT-TALLABA Mario, Joseph Muscat ghadu ma lahaqx prim ministru,imma mhux fil boghod Mario.

monica muscat

Oct 24th 2010, 18:49

Jien ukoll ġbajt nisma dgergier. L-Onor. Prim Ministru għandu rġun. Għalkemm aħna m'aħniex ħażin daqs pajjiżi oħra, ma nistawx inserħu rasna! Illum, jekk niftakar sew, jaħbagħat l'anniversarju tal-GREAT WALL STREET CRASH. Traġedja li swiet ħafna, faqar assolut, suwicidji, u ħwejjeġ oħra tal-biża! Mhux biss kriżi Amerikana, iżda, bħal ma' qed jiġri issa, kaxkret magħħha d-dinja kollha. Il-GWSC qanqlet gwaj ikbar, għaliex il-waqa' ta' l-ekonomija dinjija wasslet għal l-ewwel successi ta' dak li kellu jkun il-flagell ta' l-awropa w id-dinja kollha:
HITLER u N-NAŻIŻMU!

Skużawni jekk l-istorja tiegħi m'hix daqshekk preciża. Imma bejn wieħed u ieħor hemm aħna.

Flok igergru dawn in-nies, aħjar jirringrazzjaw l-Alla li għanna mexxejja għaqlijja. U nitolbu lkoll illi s-sitwazzjoni tmur il-quddiem mhux lura. L-Amerikani kienu ħasbu li ħarġu mir-recessjoni meta faqqat il-krizi kbira tal-Great Wall Street Crash. Għalhekk - nassu w nitolbu. U nħarsu lejn il-futur bil-ħsieb li mirakli ĦADD ma' jgħamel - ALLA BISS.

John D. Farrugia

Oct 24th 2010, 14:06

IS=SAGRIGICCJU GHANDU JINGARR MINN KULLHADD!!!! INT U SHABEK €1.16 ZIEDA SE TIEHDU?

TAGHLLEM ISTHI.

C Cassar

Oct 24th 2010, 14:45

Eh? what's LM125, surely that must have been several years ago since Malta is in the Eurozone and has already been using the Euro for at least 2 years.

Keep up at the back otherwise you'll be left behind.

Advert
Advert