There were cracks in the Maltese economy which needed to be addressed while there was still time. Left unchecked, these could lead to very serious consequences and threaten economic sustainability, the Nationalist Party said.

In a statement signed by deputy leader Mario de Marco and shadow minister Claudio Grech, the Nationalist Party again called on the government to take heed of challenges highlighted by the International Monetary Fund and the Central Bank of Malta, rather than focus solely on the selective economic indicators.

The party reiterated the need for a stronger focus on small economic activities, in particular start-ups and innovation-driven enterprises.

“The future of our economy cannot be sustained merely on the back of consumption trends but needs to be based on substance and a strong local SME environment,” Dr de Marco and Mr Grech said.

They referred to their party’s policy papers, in particular to the two pre-budget documents, An Economy for the People and Policy for Retailers, containing hundreds of proposals that could help boost the country’s economic performance even further.

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