Following the 2023 budget was announced by Finance Minister Clyde Caruana, Opposition leader Bernard Grech critiqued the lack of long term economic plan within the proposed measures.
Grech called out the government for ‘relying on debt’ to finance all of its initiatives, calling the budget plan ‘a budget in red’.
‘No wonder the briefcase is red. The whole country is in the red’ he said, saying that the budget is going to add another €1 billion in debt.
The budget fails to address real issues impacting people and continues to stand firm in an economic strategy which has failed, the PN leader stated.
Grech critiqued the cost of living adjustment raise was not enough to address the rising prices, even stating that it is no wonder the youth are leaving the island.
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