Says Finance Minister be no new taxes to budget introduced in

We did not subready for that. fo r political considise energy because it makes venience but sense,” he said. also said

The Finance Minister deficit has to that the country's emcontrol, while be kept under resupport will phasising that main. will be asocial He said that it to cater for budget with measures the most vulnerable. continued beThe meeting then hind closed doors. has re cently The government cutting exercise engaged in a cost- milto shed €200 as it attempts and it has also lion in expenses, major projects moved to shelve funded excluwhich are being public funds. sively through Caruana Outside the meeting, th at p rojects told jo urnalists or part-funded which are funded

Union would by th e E uropean he made no mencontinue, but of would become tion of w hat e financed by th projects fu lly- government.

Clyde Caruana Finance Minister or no new taxes has said that the introduced in burdens will be even as the upcoming budget, the effects of widecountry faces and in ternaspread in flation price increases. tional energy a speaking in Caruana was on social partners meeting with and said their budget proposals, will not be that the government route of austerity. going down the country is up He said that the The minister for the challenge. challenges said that the economic by th e Ukraine brought a bout alth an th e ch war a re la rger e a bout b y th lenges b rought

Covid-19 pandemic. debt to GDP He said that Malta's av60% while the ratio is under is around erage in the Eurozone

100%. did not subIf the government prices, the upcomsidise energy be around €25, ing COLA would

€10 as it is exand not € 9 or pected to be. would have been “No enterprise