Electricity subsidy to increase to €250 million by end of the year / Malta News Briefing – Friday 26 August 2022

Reading Time: 4 minutes

1745- Latest News update

Times of Malta says Prime Minister Robert Abela on Friday said Nationalist Party was being “populist and sensationalist” when it called for the deportation of foreign nationals involved in violent crimes.

MaltaToday says the judge who will be presiding Yorgen Fenech’s trial announced that she would be delivering her judgement on his preliminary pleas in December at the end of a pre-trial hearing this morning. 

Newsbook says a 34-year-old supporter of FK Partizan was arrested after he lit a flare at the National Stadium in Ta’ Qali during the Serbian football team’s match with Ħamrun Spartans on Thursday evening.

TVM says a 13-year-old boy from Żejtun was grievously injured while riding his bicycle.

Updated 1300

Electricity subsidy to increase to €250 million by end of the year: A €200 million fund allocated by the government to subsidise utility bills will have to be topped up by another €50 million to cover rising electricity costs and this will only last until the end of the year, according to internal government predictions. Sources quoted by The Times of Malta said the cost of the government’s policy to subsidise utilities bills is expected to amount to about €250 million by the end of the year as the price of purchasing energy from the European power grid remains sky high.

Deficit, Debt levels up: By the end of July 2022, the Government’s Consolidated Fund reported a deficit of €514.9 million. During the reference period, Recurrent Expenditure totalled €3,113.1 million, an increase of €36.5 million in comparison to the €3,076.6 million reported in the first seven months of 2021. In the first seven months of 2022, Recurrent Revenue amounted to €3,014.5 million, 14.7 per cent higher than the €2,627.7 million reported a year earlier. At the end of July 2022, Central Government debt stood at €8,557.8 million, an increase of €709.4 million from 2021.

PM hits out at populist comments: PM Robert Abela has hit out at Nationalist Party spokesperson Joe Giglio for positing “immediate deportation” of foreigners who cause mayhem as a solution to criminal behaviour. Calling out what he described as the PN’s convoluted and inconsistent stand on the matter, the Prime Minister said deportation was a tool that the Maltese courts have used when the law permits it. (Maltatoday)

Morning Briefing

PN asks Govt for transparency on budget cuts

The Nationalist Party lambasted Government for cutting University funds, highlighting cases of what it described as rampant abuse by Ministers being left unchecked as education suffered. In a press briefing, Finance spokesperson Jerome Caruana Cilia noted that “while other countries are looking at ways to help their people, the Labour government ignored people’s pleas and experts’ opinions and did not unveil a mini-budget earlier this year”. He also called on Finance Minister Clyde Caruana to give details about other budget cuts.

CBM says economic uncertainty decreased in June

The European Commission’s Uncertainty Indicator for Malta decreased when compared with June, signalling lower uncertainty, the Central Bank of Malta said on Thursday. This was driven by developments in services and industry, as uncertainty rose among consumers, and to a smaller extent, in the retail sector. Additional survey information shows that compared to June, price expectations fell in the services sector and among consumers, but rose in the remaining sectors, the Bank’s monthly update suggests.

Man arrested after series of car thefts

The police said that a 21-year-old Ethiopian has been arrested on Thursday in connection with several car thefts in the Swieqi and Pembroke area. Police said that they received information of a suspicious individual going round some cars at around 1am on Thursday, and on questioning the man on site, found a number of items lifted from cars in the area. An investigation is ongoing.

Once you're here...

%d bloggers like this: