Minister for National Heritage, the Arts and Local Government Owen Bonnici revealed that there has been a 150% increase in funds allocated to the arts and culture sector in the recent budget.
Bonnici revealed in parliament that, next year, over €60 million will be allocated to the cultural sector. The Minister said that the investment is an important part of the recovery from the pandemic and to boost the economy forward.
There was a big surge in tourists who visited historical sites in the country after the pandemic. Heritage Malta alone was the recipient of an investment of €8,700,000, with another €2 million added after.
The recurrent allocation alone for 2023 – EUR 60 million – is already double the total amount of funds (recurrent and capital) invested by a Nationalist Administration in their last budget.
The allocation for next year (a total of almost EUR 85 million) represents a 7.5% increase over last year.
All this is happening in an immediate post-pandemic period, with a war between Russia and Ukraine affecting the markets and energy prices all over the world. At the same time our public finances are in order and well within the fiscal criteria imposed by the European Commission.
‘This is what taking culture and the arts seriously looks like’.
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