Noticeably absent from the budget speech: job-creation measures
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November 5, 2013 at 8:13am
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This was not a budget. It was election-campaign-speak. Very often we were told that the government will take care of this and that; but we weren’t told how, how much it will cost, when will it start.
Another thing regarding tax on first property. While it’s extremely advantageous to genuine first time buyers, there is ample possibility for abuse.
Consider someone who would like to buy a Portomaso apartment, it’s easy as pie to pose your adult son/ daughter as the buyer and avoid tax.
It would also have been prudent if the government at least tried to link this measure with property that has been built before a certain year, say 2010, to fill up empty properties and curb somewhat the building of more property. But yes, we have a Developer arse-licking government.
And what about people with bought passports? If some of them decide to settle here, they would also be first-time buyers and I do not imagine they will be buying 150,000 Eur apartments.
What are you on about? All the boys and girls have a job now.
We expected a disastrous budget (fear of the unknown) but Scicluna seems to have hit the right balance in the circumstances.
But hadn’t it been for the new Delimara power station and the Sicily-Malta interconnector project Scicluna wouldn’t have been in a position to lower electricity tariffs from next March. So THANK YOU PN.
My prediction is that by next August we will be experiencing power cuts because of overloads in the electricity grid.
Instead of buying solar panels people will buy air conditioners, and electric cookers will replace LPG gas stoves. Mark my words.
Healthcare, which is the exchequer’s main problem, will become a bigger problem, people will continue paying for the medicines which they are entitled to take free. Dalli is working on it, we’ve been told.
I did not understand the budgetary measures on dividends.
Job creation is not directly on some specific sector, but the budget is encouraging the employment of over-forties and school/(hopefully University) leavers.
[Daphne – It is pointless encouraging the employment of women my age, Gahan. Most of them are trained for nothing, left school at 15 and left the job market before computers entered it. What you need there is not tax incentives but training. The market for house-cleaning and housekeeping has been eaten up by Filipinas and women from the former Iron Curtain states, so there is not even that anymore.]
Strejt to de point Joey, Issa huda go fik…
That is entirely in line with Muscat’s pre-electoral promise to an audience of the members of the Malta Chamber of Commerce, including MEP and head of Labour’s Business Forum, Marlene Mizzi: “Inhallukom tahdmu”.
He never promised anything more.
But the switchers still voted for him.
Mr. Barker, new consultant to the minister of Finance.
http://m.youtube.com/watch?v=KQs7Xctu3AU
The minister managed to pepper-spray the eyes of the gullible by promising an increase in students’ stipends (I am sure that this was a last-minute decision after the recent Varist-fiasco) and free breakfast for children who arrive one hour earlier at school. The gullible, being gullible as it were, fail to see the huge increase in their taxes.
Get this, an increase in registration tax on cars pre-2009, emissions and all that, at the same time, a decrease in import duty on eight year old second hand cars from outside the EU.
Shazianne se tiffranka fuq il-Glanza, anke jekk twahhallu turbo akbar mill-magna, u jien nhallas tad-duhhan.
There’s no need to open new childcare centres as women have no new job openings in this budget.
Job creation? What for? None of the Labour voters ever thought of working for money, and Labour did promise them money for nothing too.
Simon Busuttil captured the essence in a nutshell.
Nahseb is-sur Minstru tal-finanzi ahjar qabad €500 mill-budget u jmur jiehu kors kif jaqra bil-Malti. Tal-misthija!
Mintoff once said that he is capable of getting money but not capable of creating employment. Only difference is that Emperor Joey will never admit this.
Il-Ministru Scicluna irrid iffotti bil-figuri.
This year’s budget was supposed to be a ‘surprise’ but instead we had a white papers budget.
My real surprise was when driving back home from work I started seeing billboards, with the theme being of course the budget ‘sorprisa’.
These things are only done in communist countries.
Does the 170 million euros in increased taxation include the 32% to 29% reduction in income tax? My calculations are at odds with the 400 euros per capita which he is talking about.
Go on, publish your figures.
But who wants those? Manna is manna, and this government is kneading the dough like no other. From now on the cornfields will self reap, the flour will be delivered by email and the world will look as rosy as it never had.
Who is paying for those billboards – the government or PL?
[Daphne – The public purse. They are government billboards not party billboards.]
We know who’s paying for the billboards – the government, using tax money.
What we don’t know is who is getting paid for them.