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Updated - Fenech outlines cost of PN electoral promises

Tablets programme to cost €23.7m

Updated - PN costings presentation on pdf below - Finance Minister Tonio Fenech this afternoon gave details of the cost of programmes unveiled in the PN electoral programme and said they would not detract from the government's aim of achieving a balanced budget by 2015-16

Speaking at PN headquarters, he said realistic forecasts of economic performance showed economic growth of 3.2 per cent in real terms by 2017 in a no-policy change scenario. Growth in nominal terms would be a maximum of 5.6 per cent.

PROGRAMME COSTS

He said the PN was proposing a number of measures to boost job-creation including childcare facilities, which on their own would cost €5m per year. Business promotion incentives including incentives for business start-ups would cost €7 million per year.

The budget of the Malta Tourism Authority would rise by €3m a year.

Tax cuts announced in the Budget to reduce the top income tax rate to 25 per cent as well as adjustment of other tax bands and the removal of duties on the transfer of property from parents to their children by donation or inheritance would cost the government €60 million in revenue.

In the health sector, €15m more would be spent in the first year on additional medicines, including refunds for those who needed to buy their own medicines when those in government dispensaries were out of stock. Total additional outlay on the health sector, including the focus on primary health care and on diabetes, would cost €78 million.

In education, spending on stipends adjusted for the cost of living would cost €10m, €12m would be spent on scholarships. Another €12m would be spent over five years to encourage students to go abroad and learn languages.

A total of €5m would be allocated in incentives for those who used electric cars.

The €1,000 pension account for newborns would cost €4m per year while the Independent Community Living Fund would cost €5m a year.

Additional assistance to pensioners aged over 75 would rise to €500 per year per person.

Pension adjustments, including the end of deductions for those who had a service pension would cost the government €40m.

Measures to improve security in Malta's roads, including additional policemen on the beat would cost €4m per year.

Measures and incentives to create jobs in Gozo and promote tourism in Gozo would cost €10 million.

These, Mr Fenech said, were just recurrent expenditure and excluded measures already announced in the Budget.

CAPITAL EXPENDITURE

Mr Fenech said an additional €100m would be given in assistance to industry through Malta Enterprise including tax credits, grants and energy incentives.

€40 million would be available for a new development bank.

€10m would be routed towards various projects, including a breakwater at Marsaxlokk.

For the health sector, €22m would go for a new Rehabilitation Centre.

The tablet devices programme unveiled by the party last week would cost €23.7m of which €15.7m would come from national funds and the rest from the EU.

The fund for capital projects in independent schools would grow to €2m a year.

The government would spend €6m a year on a new school and allocate €40m for the university and €100m for a new Mcast campus.

Incentives for clean energy would cost €50m over four years.

€15m would be spent every year on roads in Malta and €1m a year in Gozo while the Valletta projects would cost €34m.

Compensation for expropriated properties, some of which went back many years, would cost €60m more over four years.

€4m per year would go for eco-Gozo.

EXPENDITURE REVIEW

Mr Fenech said the government intended to conduct an expenditure review of recurrent spending to identify spending efficiency of two per cent - or between €60m and €90m. This was doable in a total spending of some €3 billion, he said.

There would also be increased efforts against tax evasion to recover €25 million.

See the costings in the presentation prepared by the PN by clicking the pdf below.

 

 

 

 

 

Attached files

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Joseph E Briffa

Jan 29th, 12:17

Budget over runs are not peculiar to Malta, they happen the world over. You should inform yourself before you write silly comments.As for yr trust in Fenech, the performance of the economy during Fenech's tenure was brilliant especially when one compares it with that of other countries.While other EU states registered shrinkages or zero growth, Malta registered 1% growth, which is significant

Joe Griscti

Jan 29th, 09:02

Sihbi il-costings tal-pl qedin johorgu ma kull proposta. Il-panic huwa takom biss ax fil-budget tejdu ha tamlu taxxa u fil-programm tejdu ha tnehhuwa. qas tafu xintom tamlu

Simon Scerri

Jan 29th, 07:51

Never vote Labour once bitten twice shy. Shy to mention 1996-1998. Literally an opposition party that should stay in oppostion, cause always the opposite they do!!!!!

Terence Valentino

Jan 29th, 08:39

who are you to say that we don't need a gas fired power station? Do you think that we can base most of our electricity consuption on a pipe, without a plan B? enlighten us pls...

K Grech

Jan 28th, 19:22

Hmm be the enlightenment for the students then, because if you haven't realized yet the greatest shift happening is in the range of 18-25 in which PN is loosing much of its supporters

David Magro

Jan 29th, 06:14

Joshua what promise did Gonzipn kept? Was Smart city promise promise kept? Remember how he managed to brainwash students to take ICT studies as over 7000 jobs were to be created at@city? Did he kept his promise...its a ghost city. No increase in students were made. Joseph is a breath of fresh air and we need it.

Mr David Ganado

Jan 29th, 09:28

@David Magro - Your comment shows how brianwashed you are. True, Smart City fell way behind schedule and the ICT work places there are still to materialise, BUT and this is the big BUT, the Government kept its end of the bargain and encouraged people to study ICT and graduate. All these graduates have found jobs anyhow, and mostly in Malta, so the jobs were created with or without Smart City.

Giocchino Attard

Jan 29th, 06:44

Keep on thinking

carl Tanti

Jan 28th, 20:13

jekk mandunajtx il manifest huwa as sena 2014 sa 2017 igifiri 2013jimxi mal budget li ghada

David Azzopardi

Jan 29th, 06:18

Lejber Party spokesman said 1 hr after,ure saying 2hrs..now if u believe that all those measures about the PN tablet propsal were made in 2 hrs, no wonder u support lejber!

JOHN WHITE

Jan 28th, 18:47

Very funny JB,what is JM`s proposal regarding this issue?? Maybe the word nothing tells you something?

sammy cassar

Jan 28th, 18:25

where is the PL manfiesto pls? or it is not out yet? and if it is where can we find it? and where can we find how they will get the money to fund the gas mosta dome station? Please help.

G Tabone

Jan 28th, 18:56

mhux ma tivvutax habib...jekk tahseb li inti bravu daqshekk biex tifhem fil-finanzi tivvutax...saqsi lil min jifhem imbaghad tkellem

Mr David Ganado

Jan 29th, 09:36

Its pathetic, josephmuscat.com supporters are happy accepting anything their leader says even if he doesn't give full facts and costings to back his proposals, and then rubbish anything coming from the PN, however much facts and figures they are shown.
The PN are far from perfect, but at least they back up their successes and failures with proof, whilst josephmuscat.com only gives pie in the sky!

m. borg (slm)

Jan 28th, 18:39

The point is that when drilling especially first time no expert on earth could say that he will find oil or gas.

If gas is found, the material that is predominat in the Medi it would be awesome, but if oil is found then it could be sold and gas both with the money.

Oil would still be in use for other purposes then power stations.

Why do you guys keep making thses silly statements.

Andrew Cumbo

Jan 28th, 18:41

We were supposed to be with a surplus by now, and as far as I know that’s what we were promised by Lawrence Gonzi 5 years ago. It amazes me, how some people believe or try to make others believe that now the PN is going to correct himself for his wrong doings and promises that he is going to do miracles....... Once bitten twice shy.

Joseph Buhagiar

Jan 29th, 01:14


Are you blind. It is the PN who have put forward their proposals piecemeal. Forecast budget deficits when they never met any of their own forecast for reduction in deficit to date to the extent that we now have 5000Million euro debth. Hear that, 5000 million man and going up year on year.

Eve Axiaq

Jan 28th, 17:57

Il PL qed johrog mizura kuljum biex jghati lok ghal diskussjoni. Il.programm kollu bil costings se jkun ippubblikat fl-ahhar. Happy?
U x'jiswew il costings over optimistics ta Tonio Fenech meta mar daqshekk zmerc dawn l-ahhar hames snin. Bil fatti tant li ha hasla minghand S& P fuq id-dejn record li ghamel. Apparti li biegh 90% tar rizerva tad deheb ta pajjizna biex forsi itaffi id deficits.

sammy cassar

Jan 28th, 18:27

bicca bicca hiereg. U zgur ghax it is not ready! That is the way Lejber want to govern our country...bil-bicca bicca u bit-tqancit? Ara l-video f'daqqa harguh mhux nofsu!!

M Grima

Jan 28th, 18:44

Buy yourself a radio and each day, you will get PL's proposals accompanied by the relative costings of these same proposals. Your beloved GonziPN has in a three liner told us that expenditure of around €120 million would be raised from a spending efficiency of 2% and efforts against tax evasion

Wild assumptions especially coming from a minister who promised us a surplus in 2010!!!

Joshua De Bono

Jan 28th, 19:08

@ Eve Axiaq.....x' inhu l-iskop li jippublika kollox flahhar???....biex jurina li qed jidhaq bina bhas-soltu??

Eric Bonello

Jan 28th, 17:47

So now your voting MLP because in their Electoral manifest everything is so explained and convincing & their energy plan is so feasible and all their studies have been published by Konrad and they will have a better budget then the one they voted against in 2013 and they are so original ...we must be so lucky to have JM leading this country, guess that's were Obama copied his election gimmicks

M Borg

Jan 28th, 17:51

Maybe you can get all the figures that you asked for from and more form the LP energy costings !!

Joe M Borg

Jan 28th, 17:25

Norbert, you WILL remember that PN were in FAVOUR of EU, and so are getting millions from there. PL was AGAINST EU, but as usual, they HAD to make a U-TURN, and copy PN at the end. And the list of copycatting Pn goes on: VAT; local councils; EU; Euro; 2013 budget; MEP deputy. More recently: tunnel; pipeline; jobs for Gozo; jobs for women; ....My God, PL NEVER tire of copying PN.

Eric Bonello

Jan 28th, 17:29

no need to ask that question to the PN, the PN never predicted gloom and doom. In fact this government always said that the economy was doing well, it's the other side who you should be asking this question too, for 25 years they predicted the end of the world for Malta, so it makes sense now to ask them this questions since they believe the economy is doing that bad.

Neil Dent

Jan 28th, 17:33

Another one who obviously doesn't bother to read anything, at all, not even the PL 'reports' before throwing out uninformed and incorrect comments.

Norbert Abela

Jan 28th, 17:20

il poplu qieghed jannalizza ibzax fuq il weghdi li saru fit 2008 u li ghadhom ma tweqtux, u fl ahhar mill ahhar mhux il laburisti biss qedghin ibghatu izda l poplu kollu, igifieri llum kullhagdd ghandu mohh biex jahseb... il pl qieghed johrog il proposti naqa naqa u jispjega kollox pass pass...

Eric Bonello

Jan 28th, 17:34

@Norbert Abela,

your analyzing the promises which were not fulfilled by the PN, but we're analyzing the ones that were fulfilled and the scale tips on one side which convince me that this government deserve to be trusted again. just switch on to a different channel on your TV & you'll realize how well we've done under the PN government.

Chris Ellul

Jan 28th, 17:28

Open the PDF file!! you'll get your answers!

joe caruana

Jan 28th, 19:24

I am still waiting for the PL costings to compare with the PN costing to decide to whom I vote. Hoping that the PL publish its costing now as the PN can not copy the PL costings

Neil Dent

Jan 28th, 17:03

What's being 'rolled out' exactly, James? They PL just spit out a figure and fail completely to provide explanations as to where the funds are coming from, as the PN has comprehensively done in releasing today's report. The PL are just winging it on the back of current positive polls.

albert galea

Jan 28th, 16:57

Kemm ilek nieqes min Malta. Il PL qed ihabbar il programm kuljum. Kull gurnata proposta gdida. IL pn qata nifsu jikopja.

Antonio Pace

Jan 28th, 16:43

Stop being a parrot if you respect yourself. Th Prime Minister said that a new PN Government would continue to implement all laws that were not yet approved by Parliament before it was dissolved. This includes the Whistle-blowers' Act.

W. Cassar

Jan 28th, 16:58

@ Antonio Pace

Promises Promises,more word bending and creative calculating .... I think you should do yourself a favour and stop being a sheep.

Neil Dent

Jan 28th, 17:05

See that's the difference. The PN have just shown you, with all statistics out in the open for scrutiny, where the money is coming from. That's where the PL has failed, unless we accept 'investment from the private sector' as being a credible foundation on which to vote them into power.

George Camilleri

Jan 28th, 18:59

@ Antonio Pace

I do respect myself, enough to take the whole picture into consideration and not just what one party states. But it seems you're unable to see that.

It's true that Gonzi asked several times where will the money be coming from, but it seems for now money isn't really a problem for him.

My point is: too little, too late, it's been 15 years now. A lot of damage has been done already

Joe M Borg

Jan 28th, 17:26

Eve, if PN plans are rosy, what are PL plans? Probably Grimm's fairytales.

Anna Camilleri

Jan 28th, 17:35

again... And where are the PL's costings Eve???

Eric Bonello

Jan 28th, 17:43

they have nothing to show except blue ties and PN 2013 budget which they voted against,

Eric Bonello

Jan 28th, 17:41

@M. Camilleri,

if you believe the MLP energy plan you'll believe in everything MR Camilleri, even in fairy tale stories that's how pathetic you & your party are.

Mr. M. Camilleri

Jan 28th, 20:12

@ERIC BONELLO

To tell you the truth i had a party 5 years ago . . . i voted for the promises i listed . . . guess what?
I have nothing to lose to vote PL not MLP or LEJBER as many PN bloggers are calling PL to ridicule it!

I have had enough of this ARROGANCE and YES will vote PL for the 1ST TIME!

I might be mistaken, but its worth the try seeing the state of the PN.

Norbert Abela

Jan 28th, 17:12

int bis serjeta qieghed titkellem loool? jekk tisma il konferenzi tal PL tinduna li waqt li jkun qieghed jispjega jghid ukoll min fejn ha jigu l flus, jekk mhux bl ghajnuna tal privat jew ikunu proposti li bihom se jdahhal il gvern specjalment fl incentivi biex jidhlu iktar nisa fid dinja tax xoghol ghax dawn ovjament ha jibdew ihallsu t taxxa etc etc...

N. Bugeja

Jan 28th, 16:37

Mela le! L-indirizz: Muscat J., Mile End Street, Ħamrun

R Casha

Jan 28th, 16:00

Be patient with PL to issue their costings...as you were with PN awaiting their manifest to be published...oops not only but also the 2008 promises that never came true....you must be really patient....!!

Freddie Micallef

Jan 28th, 16:01

taf min jistmana ta tfal sur cutajar ,min weghdna elf haga u ma ghamilx mija milli wettaq u int taf daqsi anzi hafna drabi aghmel il kontra ta dak li wieghed..jekk tridni nibda insemmilek mihiex problema.

B.C. Borg

Jan 28th, 16:06

@George

Stark difference ehh!!

So Mr. Fenech takes a long time to present the annual budget and now in less than a week presents, let us say a long term budget.

This does not hold water.

Neil Dent

Jan 28th, 17:10

R Casha - it may have escaped your notice in your blind rush to attack all things PN, but just FYI - the Labour Party have NOT published their electoral programme as yet. Three weeks in, and counting.

Karmenu Vella has been working on it for many months now, we're told.......or has he?

A J Rose

Jan 28th, 18:10

Mr Dent... you never know, the PL might get some more ideas now that the PN have published their manifest and costings.

But obviously the PL want us to be patient.

Joe Vella

Jan 28th, 15:49

Waiting for the PN to write it for them like the budget
.

Anthony Scicluna

Jan 28th, 16:05

No one forced you into loan arrangements. As far as I know, the bank will allow you a loan only if you can afford it. Government is not your nanny. You are fully responsible for your own spend and making sure you have enough money to cover your lifestyle. If you cannot afford it, don't buy it. MLP's hofra is bigger because they promise cuts on taxes without showing how they're getting the money

P Debattista

Jan 28th, 15:44

Very well said.

Gorg Borg

Jan 28th, 16:29

Dont care about books, graphs and tables unless they are implemented. There are some (many) things which were promised and not done. And even promised and wrongly implemented. Between the words and the facts, there is a big open space.

JOHN WHITE

Jan 28th, 18:45

At least there are some details and words on the other side PL did not mention a single page of explanation.

Adrian Zahra

Jan 28th, 15:24

Like the solar panels scheme, it will be applicable to the first 4,000 children born :)

John Lusignan

Jan 28th, 15:25

Seriously what kind of question is that?!! Its an estimate based on historic statistics and demographic trends.

Joe Vella

Jan 28th, 15:57

Victor, I for one would not expect any better from the Gloom and Doom Crowd which you are part of. Malta will not start to exist as of March 10th, 2013. Statistics are there, it is quite simple to make assumptions based on the birth rates over the last years. Unless Joseph Muscat after March 10, is going to fertile every women in Malta and then we are going to have a Baby Boom.

Antonella Briffa

Jan 28th, 15:17

Michael, il labour qed iffajjar il proposti u ma qalx il costings . ilkom tant takkuzaw il pn li m'ghandux costings? din hi t trasparenza li qed jghajjat biha Muscat??? Fejnhom il costing tal PL ??? Mela min hareg il costings ma temmnux, u min ma harighomx temmnu b'ghajnejh maghluqin! Arukaza!

Etienne Bonanno

Jan 28th, 15:10

1. Lehman declared bankruptcy in 2008 (at 1:45am on September 15 to be exact)
2. Everything is obvious with hindsight.
3. The deficit did decrease, even if not as much as everyone had hoped. At the very least it was kept at acceptable levels by EU standards and quite a bit less than a lot of other EU member states who were hit by the economic crisis.

Jason Borg

Jan 28th, 15:14

You have lost the credebility of the country Dr. Fenech , time to step down like Austin Gatt.

Jason Borg

Jan 28th, 18:55

Etienne Bonano, Fenech promised a balanced budget, It was the most important promise for me and he failed it, Instead he made a higher deficit, Leyman brothers had already lost many money in bad debts in 2007 and everyone new it was going bad, same method, hiding after facts.... Malta before 2008 had very good financial standards by the EU , in 2013 malta lost almost all of them ...

Joe Bonanno

Jan 28th, 22:22

@E Bonanno

Finance ministers are judged by their track record or lack thereof. After so many missed projections and pie in the sky economics what makes you believe that anyone is taking Tonio seriously now? In fact, the PN has been unable to deliver a single balanced budget, amassed a huge debt AND squandered the billion euros that the MLP left them in 1987. Hardly people you can trust.

A Trapani

Jan 28th, 14:44

.. strange how with 165 euros a week you can pay rent, own a car and maintain it, pay utility & internet bills to be able to post comments here. You are complaining and at the same time, you can keep the above "luxury" with 165 euro a week... guess cost of living is not that bad here then. If you're 50 euros under, maybe you should look out for a better job or a part-time and not beg for miracles

Matthew Micallef

Jan 28th, 14:50

take a part time course, further your education and get a better job. Stop asking for handouts and see what YOU can do to improve your situation

jm busuttil

Jan 28th, 14:54

@Anthony Sultana

Who do you think you are kidding Min wage earner as if.

From your writing you look quite intelligent to get quite a better job.. If not veru ghazzien.

S Portelli

Jan 28th, 15:02

and we pay the taxes for you. do like Mr.micallef told you to do

Mr Mark Borh

Jan 28th, 15:11

Just like everyone else you need to work hard to survive Mr. Sultana.

Anthony Scicluna

Jan 28th, 15:16

Either your calculations are completely off or you have a very expensive lifestyle. It is impossible to spend so much on food and a car in any single week.

Neil Dent

Jan 28th, 16:00

anthony sultana - the current gov't has introduced many incentives aimed at allowing low-wage earners, and also the unemployed to study, train or re-train, and they will even pay you to do €25 a week so in certain cases. The aim is obviously to help the individual to improve himself and his status.

Those who CHOOSE not to help themselves can blame nobody but themselves and their idleness.

Nicholas Borg

Jan 28th, 14:27

Kull pajjiz ghandu d-dejn, l-importanti huwa r-relazzjoni bejn id-dejn u dak li jipproduci l-pajjiz. Malta qegheda fil-parametri mitluba mill EU.

D. Ellul

Jan 28th, 14:32

I sure trust the PN party and not Joseph Muscat party

Franco Abela

Jan 28th, 14:52

@Nicholas Borg

Mhux hekk. Bhallikieku id dejn se jigi mahfur. Mela allura intellawh 10 biljuni u naghmlu hafna incentivi biex nigu inkar kompetittivi!

R Casha

Jan 28th, 15:08

@ Nicholas Borg

So as long as we are in EU's parameters, we are fine?! We can be much much better with an accountable and responsible government...and that's the whole point. Not where we are, but where are we supposed to be!

Re debt, keep in mind the tens of thousands being paid for just the interests...

Manwel Sinagra

Jan 28th, 16:17

Ara meta qatt ibbilancja budget. 5 snin ftit.

Eve Axiaq

Jan 28th, 14:30

Almenu r-rapport tal PL nafu bih. Mhux bhal rapporti ta l-Enemalta li hbewhom ghal snin shah u huma ffinanzjati mit-taxxi taghna. U Joseph Muscat qed jghidilkhom jekk intomx certi li hrigtu r-rapporti kollha.

Paul Gauci

Jan 28th, 14:32

Mark the total cost of the PL's proposal is 376 million as established by DNV Kema.


The 600 million you're mentioning is a distortion of facts by the gonzipn lying machine. Try another spin.

Anthony Lee Baldacchino

Jan 28th, 14:33

Dak tghidu int. Jien rajtu r-rapport fuq 200miljun inqas milli IVVINTAJT INT

M. Spiteri

Jan 28th, 14:33

hahahahahah Mark...hahahahah

M Gatt

Jan 28th, 14:44

And the private sector will pay most of the 200m not the government!

B. Theuma

Jan 28th, 15:05

Din tas-600 miljun ivvintaha l-partit tieghek biex jaghti l-impressjoni li dan il-progett huwa gimmick. Fil-verita' DNV Kema stmat il-progett ghal €370 miljun, u din hi l-istess kumpanija li kienet tqabbdet mill-gvern ghal konsultazzjoni fuq l-estensjoni tal-power station ta' Delimara. Irridu naraw x'ser naghmlu mill-aktar fis possibli, ma nistghux inkomplu inhallu l-Enemalta teghreq aktar.

Gilbert Busuttil

Jan 28th, 15:21

@Anthony Lee

Thanks...since YOU saw it I can rest my mind that it's true then. Enough of the BS. The PN published costings. In future you can argue against that. The PL published nothing so far, except what they plan to do. As to how they will be financed is somewhat "commercially sensitive".. Bah!

john muscat

Jan 28th, 15:25

Ahseb u ara kemm ma ghandniex bzonn parlament iehor u teatru bla saqaf!!!!!!!!!

Antonella Briffa

Jan 28th, 15:41

Mhux hekk l -ahwa imbaghad inhalsu ghal kontijiet! ghax la shipping costs u lanqas il prezz li ser jiccargja l privat ma nafu! fejnu l istar candidate Konrad Mizzi?Diga nheba?

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