Read his lips: “no taxes!”
The third budget speech of the 10th legislature, the 2nd one of Malta as a member of the European Union and the 2nd one of Prime Minister Gonzi, who is also the Minister of Finance, was presented on Monday October 31 2005.
Delivered less than a week after the surcharge on utility bills was raised from 17% to 55% and the price of petrol also increased, Budget Speech for 2006 did not introduce taxes or touch profoundly people’s pockets in contrast to the previous week.
Among the most important measures announced in the Budget Speech for 2006 there is a Lm2.25 per week cost of living increase in wages which takes into account the increase in the energy and fuel price increases; incentives on the use of alternative sources of energy; the reduction of the tax on the profit from the sale of inherited property from 35% to 12%; and the privatization of more public entities.
The final report of the Pensions Working Group on the future of pensions in Malta was also published on Budget day.
For the first time the government did not simply carry out a consultation exercise with the social partners, but in summer issued a pre-budget document which articulates the government’s plans for the upcoming budgets between 2006 and 2010.
MaltaMedia Special Feature on Budget 2006 provides detailed coverage of budget day, with live reporting about the speech and the first reactions. The budget speech and other related material will also be published online.
See also:
Constituted bodies’ reactions to the Budget 2006
by MaltaMedia News - Nov 1, 2005, 10:30 CET
Sant says Budget is "dry", AD says it has "limited vision"
By Ruth Davies - Oct 31, 2005, 21:58 CET
No new taxes in Budget 2006
by MaltaMedia News - Oct 31, 2005, 21:13 CET
Pensions Workers Group proposes retirement age at 65 years
by Roseanne Sammut- Oct 31, 2005, 20:00 CET
Gonzi promises 'good news' in Budget
by Alexia Conti - Oct 30, 2005, 10:23 CET
Social partners speak up ahead of Budget 2006
by Alexia Conti - Oct 29, 2005, 19:11 CET
Power surcharge goes up to 55%, increase in petrol price
by MaltaMedia News - Oct 25, 2005, 20:24
The third budget speech of the 10th legislature, the 2nd one of Malta as a member of the European Union and the 2nd one of Prime Minister Gonzi, who is also the Minister of Finance, was presented on Monday October 31 2005.
Delivered less than a week after the surcharge on utility bills was raised from 17% to 55% and the price of petrol also increased, Budget Speech for 2006 did not introduce taxes or touch profoundly people’s pockets in contrast to the previous week.
Among the most important measures announced in the Budget Speech for 2006 there is a Lm2.25 per week cost of living increase in wages which takes into account the increase in the energy and fuel price increases; incentives on the use of alternative sources of energy; the reduction of the tax on the profit from the sale of inherited property from 35% to 12%; and the privatization of more public entities.
The final report of the Pensions Working Group on the future of pensions in Malta was also published on Budget day.
For the first time the government did not simply carry out a consultation exercise with the social partners, but in summer issued a pre-budget document which articulates the government’s plans for the upcoming budgets between 2006 and 2010.
MaltaMedia Special Feature on Budget 2006 provides detailed coverage of budget day, with live reporting about the speech and the first reactions. The budget speech and other related material will also be published online.
See also:
Constituted bodies’ reactions to the Budget 2006
by MaltaMedia News - Nov 1, 2005, 10:30 CET
Sant says Budget is "dry", AD says it has "limited vision"
By Ruth Davies - Oct 31, 2005, 21:58 CET
No new taxes in Budget 2006
by MaltaMedia News - Oct 31, 2005, 21:13 CET
Pensions Workers Group proposes retirement age at 65 years
by Roseanne Sammut- Oct 31, 2005, 20:00 CET
Gonzi promises 'good news' in Budget
by Alexia Conti - Oct 30, 2005, 10:23 CET
Social partners speak up ahead of Budget 2006
by Alexia Conti - Oct 29, 2005, 19:11 CET
Power surcharge goes up to 55%, increase in petrol price
by MaltaMedia News - Oct 25, 2005, 20:24
