Malta Ho­tels and Restau­rants As­so­ci­a­tion

Malta Independent - - BUDGET 2017 -

This bud­get fo­cuses mea­sures on lower-in­come earn­ers and pen­sion­ers, which is in line with our pre-bud­get theme of “Cre­at­ing Shared Value.”

The MHRA said it was pleased with var­i­ous pos­i­tive mea­sures which have been an­nounced in the bud­get speech which di­rectly sup­port the tourism sec­tor such as: in­vest­ment to fur­ther sup­port the sus­tain­able growth of the cruise-liner busi­ness; the com­mence­ment of works on the new In­sti­tute of Tourism Stud­ies; in­fras­truc­tural in­vest­ment in­clud­ing projects re­lated to pub­lic parks, var­i­ous em­bel­lish­ment ini­tia­tives and im­prove­ment in the road net­work across a num­ber of lo­cal­i­ties in­clud­ing Gozo.

The MHRA wel­comed the tax credit schemes for ren­o­va­tions on ho­tels and restau­rants aimed at the con­tin­ued im­prove­ment of the tourism prod­uct. How­ever, MHRA was ex­pect­ing spe­cific votes for the im­me­di­ate up­keep of core tourism ar­eas, such as Buġibba and Qawra, which are in ur­gent need of se­ri­ous in­vest­ment.

The MHRA pos­i­tively noted that the en­ergy ef­fi­ciency scheme it pro­posed for ho­tels and restau­rants will be im­ple­mented next year.

The MHRA said it is en­cour­aged by the 2016 deficit es­ti­mate which is set to be be­low 1% and is ex­pected to fur­ther im­prove next year. MHRA is also pleased to note that the na­tional debt as a per­cent­age of the GDP is on the de­crease and get­ting closer to the 60% al­lowed by Euro zone tar­gets.

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