Labour Party Outlines Economic Vision Focused On AI, Tax Cuts, And Digital Investment

Ian Borg, Silvio Schembri and Labour candidate Clint Azzopardi Flores presented a series of economic proposals during a press conference, insisting that only a Labour government can guarantee economic stability and credibility.

The speakers highlighted Malta’s economic growth since 2013, pointing to full employment levels, low unemployment and continued investment despite global challenges such as the COVID-19 pandemic, wars and rising energy prices.

Among the targets announced for the coming years were annual economic growth of around 4%, increased use of artificial intelligence by businesses and further investment in digital sectors, manufacturing, tourism and aviation.

The Labour Party also pledged to reduce corporate tax from 35% to 25% for companies earning up to €1 million annually, while investing €100 million each year in digitalisation and emerging technologies.

Other proposals included support for self-employed workers, reduced bureaucracy and the launch of a Malta eResidency platform aimed at attracting international entrepreneurs and start-ups.

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