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Chamber again expresses concern at possibility of budget being rejected by Parliament

The Chamber of Commerce has again today expressed “its grave concern about the possibility of the 2013 Budget being rejected by Parliament”.

In a statement it said that the potential consequences of interrupting the smooth continuity of business were too large to contemplate.

“Tax and duty collection, for instance, may be thrown into disarray to the detriment of public coffers, fiscal morality and the reputation of the country as a stable destination for business.

“Other areas such as incentives for business, training programmes and social security benefits will all be at risk. The country so far has weathered the international storm as a result of private sector initiative. Malta must not risk being thrown in a similar predicament as some of its close neighbours due to political differences,” it said.

The chamber speaks for said that the private sector was an innocent party in the matter and must not be made to suffer the consequences of political differences.

“If we truly believe that the private sector is the motor of the economy, we must not undermine its past efforts which served to keep the county well afloat through such challenging times whilst other larger economies succumbed.

“Seeing our efforts go to waste is not the way to encourage private sector initiative,” it said adding that the national interest and economic well-being had to prevail over any political differences.

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Michael Magri

Dec 8th 2012, 16:44

Agreed Pat..

Chamber MUST have a hidden agenda...!!!

ANTHONY PAVIA

Dec 8th 2012, 05:31

No harm in that Mr Falzon. Profit is the "good" blood running within the economy. Without profit, there would not be any perks for the public sector, pensions nor social services. So! May profit last and be as huge as ever. Your criticism would have been understandable had it been directed at the lateness of the CoC statement. They saw this coming and should have reacted many months back.

Joseph Bugeja

Dec 7th 2012, 21:48

We are on the ground already but you just can't see it. Your GonziPN government saw to it. With nearly 6 billion in debt! Very nationalistic indeed!

James Abela

Dec 8th 2012, 03:27

@ Joseph Bugeja

Don't you read the news, don't you know what is happining in other countries??? How bad their economy is, their unemployment, their debt. Receiving bail outs or are on the brink.

Compare Malta to these other countries and then decide how the present government in Malta has done.

E. Mifsud

Dec 7th 2012, 19:17

Most probably they thought that, considering the negative consequences, both parties would find a way to reach an agreement whereby the budget is approved. One simple solution is for the PL to allow one of its members to abstain while all others could vote against. The PL would then be so much more credible to the electorate and would face less problems if it wins the coming elections.

Joseph Bugeja

Dec 7th 2012, 21:46

@ E. Mifsud

Sure E Mifsud!
Just like when accepting Tonio Borg's nomination. Your respect was so much augmented that you have decided to vote PL now.
No E Mifsud I won't bet what Dr Debono will do but the sooner he does it the better. We are SO tired of this arrogance. Not even acknowledging the auditor general. Where I work if an auditor just 'smells' some fault one gets suspended.

HENRY FENECH AZZOPARDI

Dec 7th 2012, 22:51

The bill board says Muscat delivers. Malta is waiting earnestly for Muscat to deliver but no his interest is to become the youngest prime minister despite that he approves of the budget. Come next Monday and Muscat hopes that Franco will do him a favour. We have to wait and see. Whatever happens the PN will be remembered of proposing a budget which PL turned down and the electorate will judge.

carlos ellul

Dec 8th 2012, 00:20

Franco and the pl had been asking Gonzi to let the voters to judge for months. Strangely enough the PM refused to do that, by saying hes got the majority in parliament. If thats true then he wont have any problems at all and the budget will pass easily. If not then he was wrong and should be held accountable.

Mario Scicluna

Dec 8th 2012, 04:57

@HENRY FENECH AZZOPARDI
Yesterday, 22:51

How many times do I have to remind you that you are grossly mistaken in this? You simply wont listen! All you do is repeat repeat like a parrot the false propaganda!

https://opm.gov.mt/ugo-mifsud?l=1

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