Speaking on ONE Radio, Prime Minister Robert Abela said that the Budget financial aid will mainly concern the little guy and those most in need in society.
Speaking on the programme ‘Sibt il-Punt’, Abela was asked about the preparations being made in lieu of the looming 2022 Budget. He revealed that the proposals being inputted are not only being analysed but also discussed in several forums and meetings.
However, the Prime Minister said that he could already highlight how the principles governing the next budget will be responsibility and sustainability.
He said that the government wishes to bill on the several incentives and measures implemented in the past, such as free transport and childcare. This, said Abela, will be mostly directed to helping those less financially able in society and to prop up the little guy in Maltese communities.
Abela said that this is all being done whilst keeping in mind the global challenges we are facing due to the Ukraine war, saying that the government will not be changing the mechanism whereby the COLA (compensation for cost of living) is determined.
Highlighting the importance of competition to stay relevant within the market and economy, Abela said that the government has always acted as a reliable shoulder for businesses. He pointed to how the government is managing the situation in regards to the increase in prices of energy and fuel as proof for this support for businesses.
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