Budget

Maltese Editors’ Perspectives

The Times of Malta looks at the Church's position on gay and lesbian relationships after the Pope insisted homosexual people are children of God and have a right to be…

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Spain to invest heavily in social care and infrastructure in Budget 2021

Spain plans to raise taxes on large companies and wealthy people to fund increased spending on social care and infrastructure as part of its 2021 budget, the government said on Tuesday. The left-wing government…

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Maltese Editors’ Perspectives

The Times of Malta looks at Justice Minister Edward Zammit Lewis' consultation on constitutional changes. The editor says effective consultation should lead to informed decision-making. The Independent says the majority…

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Maltese Editors’ Perspectives

Times of Malta looks at controversy surrounding a European Parliament resolution on Bulgaria. It says MEP Roberta Metsola cannot vehemently defend the rule of law at home but not in…

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Maltese Editors’ Perspectives

The Times of Malta says that the budget focused on mitigating the economic repercussions caused by Covid-19. Challenges to the country's economic model caused by the coronavirus will be the…

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Italy’s budget to restore confidence and development – Conte

The government's new 2021 budget bill is aimed at restoring Italy's confidence and development, Premier Giuseppe Conte said yesterday, indicating strong allocations for the healthcare, transport and schools sectors. Conte…

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SME Chamber pleased to see number of its proposal make their way in Budget 2021

The Malta Chamber of SMEs said that it was pleased to see a number of its Budget proposals taken up and welcomes the extension of the most important Covid Support…

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Malta Chamber says Budget 2021 was Rich in social measures, vague on economic recovery

The Malta Chamber said in a statement that yesterday's Budget was rich in social measures but vague on economic recovery. It expressed disappointment that next year's budget does not address…

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Maltese Editors’ Perspectives

The Times of Malta says the government has not succeeded in balancing health and economic needs. It says health seems to have taken second place, which is a short-sighted move.…

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Malta: ‘Govt kept 65% of budgetary promises despite Covid-19’ – Scicluna

Minister for Finance and Financial Services Edward Scicluna outlined how the Government kept 65% of its 2020 budget promises despite Covid-19 disruptions. Scicluna was presenting the publication of the 2020…

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Malta: Chamber of Commerce presents its budget proposals to the Prime Minister

During the meeting with the Chamber of Commerce, the Prime Minister said that the next budget will not only address the pandemic situation that has adversely affected all sectors of…

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Israel finance minister pledges budget by December

Israel's finance minister promised on Sunday the long awaited 2021 state budget would be ready in December amid accusations the government was dragging its heels for political reasons and after…

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European Parliament wont accept “little MFF” – rapporteur

MEPs have maintained their hard positions on refusing any reductions from the proposed EU's multi-annual budgetary framework, after breaking off talks yesterday with the Council, lamenting that long-term EU priorities…

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Malta: Moneyval recommendations will not affect honest business, PM pledges

Prime Minister Robert Abela pledged that the operation of honest and legitimate businesses would not be affected through the implementation of measures suggested by the Council of Europe’s anti-money laundering…

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Catering establishments seek lower utility rates in Budget proposals

Catering establishments want lower utilities rates as well as measures to attract more clients. In a meeting ahead of this month’s Budget, the Association of Catering Establishments on Wednesday met…

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Malta: Budget scheduled for 19 October

The 2021 budget will take place a fortnight from today on Monday 19 October. This was announced today during the Parliamentary Committee on House Affairs, by the whip of the…

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EP negotiators still pushing for better long-term EU budget

During the fourth trilateral talks with Council and Commission, the European Parliament’s negotiators underline that a lot remains to be done before an acceptable agreement can be reached. “During this…

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Malta: Budget 2021 will depend on COVID-19 containment and Moneyval Assessment – MEA

The Malta Employer’s Association, MEA has published the document with its proposals for the national budget 2021. In a statement accompanying the document, MEA said that the recommendations were already…

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Maltese Editors’ Perspectives

The Times looks at the upcoming budget. It welcomes government plans not to increase taxes in the short-term to deal with the economic consequences of the pandemic. However, it says…

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British treasury pushing for large tax rises to plug budgetary holes

Treasury officials are pushing for the largest tax rises in a generation to plug the gaping holes in the public finances, in a move being resisted by Downing Street, The Telegraph…

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CiNext – Five days of Europe

There was courtship and accusations of betrayal, there were confessions to the camera and off-mic dealings. It may sound like the latest episode of a reality show, but the dramatic…

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EU Budget: what’s in it for Europe and Malta

by Keith Zahra European Union leaders reached a deal on a package of measures to boost their economies after the coronavirus pandemic, agreeing to borrow and spend hundreds of…

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Was there a Plan B if EU budget talks failed? – Charles Michel talks to POLITICO

Sitting once again on the Terrace Where It Happened, Charles Michel confessed he had no Plan B if leaders had failed to reach a budget deal, according to POLITICO, It transpires,…

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Greece PM says won’t accept strict EU conditions on COVID-19 aid – FT

Greece will not accept strict European Union conditions on the use of the coronavirus emergency aid, Prime Minister Kyriakos Mitsotakis told the Financial Times newspaper in an interview published on…

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EU leaders to meet in Brussels on 17-18 July in hope to finalise economic stimulus plan

European Union leaders will meet in Brussels on July 17-18 to haggle over a proposed COVID-19 economic stimulus and their next joint budget, a spokesman said, the first such in-person talks in…

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Europe’s recovery needs solidarity and smart spending – EPP

The centre-right EPP Group in the European Parliament is insisting that solidarity and responsibility go hand in hand by addressing both the economic recovery as well as by ensuring Europe…

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Malta: 2020 Budget measures still on track – Finance minister

Measures the government planned to roll out this year as announced in the Budget are still on track despite revenue tacking a hit because of COVID-19, Finance Minister Edward Scicluna…

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Malta: Coronavirus budget will be ‘strongest-ever economic stimulus’, Abela says

The multi-million euro budget the government will be announcing on Monday, to address the impact of the coronavirus, will be the country's "strongest-ever economic stimulus package", Robert Abela said. Source:…

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Malta: Clash over mini-budget procedure in parliament

Monday’s post-COVID-19 economic recovery mini-budget has fuelled discord between the government and opposition on what parliamentary procedure to follow. Source: Times of Malta Updated: 16:15pm

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Lombardia authorities turn down request for top up of health service budgets to cover increase in homeware operator services costs

Authorities in Lombardy, the northern Italian region at the centre of one of Europe's worst coronavirus outbreaks, have rebuffed requests to top up health service budgets to cover huge increases…

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EU leaders agree to build trillion euro emergency fund – divisions remain – Budget date set for May 6th

European Union leaders agreed on Thursday to build a trillion euro emergency fund to help recover from the coronavirus pandemic, avoiding another all-night bust-up but leaving divisive details until the summer.…

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Italy set to request EU ‘freedom of movement’ in budget in view of Coronavirus

Italy's deputy economy minister said Tuesday that the EU ought to leave Italy some wiggle room on its budget targets if the bloc's third-largest economy succumbs to the coronavirus outbreak…

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Brussels Viewpoint – Our Slice of Pie

This article by Denise Grech appeared first on Diplomatique.Expert (Edition 23) and is compiled by CiConsulta for Corporate Dispatch Last Thursday, EU member state leaders met in Brussels to decide on the…

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No high hopes for agreement on EU budget

EU leaders were deadlocked over the bloc’s next multiannual budget after lengthy summit talks on Thursday night laid bare rifts over how to fill the €60bn to €75bn funding gap…

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EU leaders in ‘very tough’ budget summit amid ‘Brexit gap’

EU leaders are to hold a Brussels summit Thursday to set a seven-year budget despite splits between some stingy rich nations, poorer ones wanting to preserve spending and others wanting…

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Special summit on EU budget in February

European Council President Charles Michel on Saturday invited EU leaders to a special summit on February 20 to discuss the 2021-2027 EU budget. "The time has come to reach an…

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Portuguese budget set to pass thanks to abstentions

Portuguese Prime Minister Antonio Costa’s 2020 budget is set to pass in an initial vote in parliament on Friday after the Left Bloc joined other parties in announcing it will…

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Italy’s parliament approves budget

Italian Prime Minister Giuseppe Conte said Tuesday Italy can look to the future with confidence after parliament gave final approval to the 2020 budget bill. The budget package was passed…

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European Commission greenlights Malta 2020 budget

Malta’s draft budget was given the green light by the European Commission earlier this week. The European Commission is tasked with looking into member states’ budgets to ensure that they…

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Malta Budget 2020 – The measures, the headlines, the review (UPDATED)

Finance Minister Edward Scicluna presented the 2020 Budget on Monday. This is a review of the salient elements reported and measures announced. The Budget Measures The COLA for next year…

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Malta : Budget date set for October 14th

Malta' s Prime Minister Joseph Muscat announced that the budget for 2020 will be announced on October 14th. The Prime Minister was speaking during a radio interview on One Radio.…

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Will Germany ditch the Balanced-Budget pledge? – FT

Any other country that had run a budget surplus for the last five years and was now facing a recession would have a clear response. Indeed, the pressure on policymakers…

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Italian’s budget for 2020 will focus on growth

Premier Giuseppe Conte told a meeting of trade unions and business representatives on Monday that his government will enter 'phase two' focused on boosting Italy's sluggish growth in the 2020…

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PM Muscat says government will continue to work to stabilise prices

Although earlier this week Enemed announced an increase in fuel prices, Prime Minister Joseph Muscat has said that the government continues to work hard to stabilise prices to ensure a…

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Salvini once more warns about the possibility of early elections

Deputy Premier and Interior Minister Matteo Salvini has said Prime Minister Giuseppe Conte's government could collapse and early elections called if the 2020 budget law does not feature big tax…

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Italy believes it can satisfy EC demands on public accounts

Italy believes it can satisfy the European Commission’s demands over its public accounts for this year, but the real sticking point in negotiations is now about 2020, government sources say.…

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Italy set for infringement procedure by EU if figures confirmed

European Budget Commissioner Guenther Oettinger said Wednesday that Brussels may open an infringement procedure against Italy for excessive deficit. "If the (forecasted) figures are confirmed, we will not be…

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Italy’s governor of the Central Bank warns political class against making EU its enemy

The governor of the Bank of Italy, Ignazio Visco warned Italy's political class not to make the European Commission its enemy. "We would be poorer if we made the European…

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Possible elections in Spain as parliament rejects Budget Updated

Spain's parliament on Wednesday rejected the government's 2019 budget proposal in Prime Minister Pedro Sanchez's first major legislative defeat. Citing government and socialist party sources on Tuesday, Reuters reported that…

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First Pelosi led sitting passes ‘US $ 1 for a wall’ plan to re-open government

On their first day in the majority, House Democrats on Thursday night passed a plan to re-open the government without funding President Donald Trump's promised border wall. House Speaker Nancy Pelosi said…

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Mattarella approves submission of revised budget for parliamentary discussion and scrutiny

The Italian President has approved the submission of a revised budget document for discussion to the two chambers. Agreement was reached late in the night. The Budget Law is expected…

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UK – The pre-Brexit budget and the implications on Brexit talks

UK Chancellor Philip Hammond will use his annual budget to try to bolster support for the prime minister’s Brexit plan, a strategy that risks antagonizing Tory hard-liners as Brexit negotiations…

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Italy is setting itself up for a monumental fiscal failure (FT)

The short history of the eurozone has taught us that resistance is futile. You cannot extricate yourself from its rules, to which all member states have agreed. Unless the Italian…

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Corporate Dispatch asks Malta MEP Candidate Peter Agius: What is your opinion on the budget? How do you feel about the budget? Was it positive or negative? Why?

A budget as I understand it must be a government strategy detailing the direction of leadership for different sectors of society and the economy in the future, by facing challenges…

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Corporate Dispatch asks Malta MEP Candidate James Grech: What is your opinion on the budget? How do you feel about the budget? Was it positive or negative? Why?

The Budget for 2019 did not introduce any new taxes or tariffs. Rather it focused on social measures, on increasing the productive capacity of the Maltese economy and on making…

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Europe Explained – European Commission’s position on Italian budget

The Commission has issued an opinion on the Italian draft budgetary plan for 2019. It requests that Italy presents a revised draft budgetary plan as soon as possible, and in…

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Budget 2019 (Updated)

Update: Prime Minister Joseph Muscat called the 2019 budget one that gives, and doesn’t take. Addressing the press outside Castille, right after the Finance Minister delivered his budget speech in…

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