Watch: “This is the best budget in history” – PM Abela

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Posted by MaltaGov on Monday, October 19, 2020

Prime Minister Robert Abela addressed a press conference following the budgetary measures announced on Monday evening by Finance Minister Edward Scicluna.

22:27 Wish you a nice evening.
Amy Borg
22:27 Thank you for following this live blog.
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22:27 The press conference ended here.
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22:26 "The budget needed to be a sustainable one" – PM Robert Abela
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22:21 Prime Minister says that the budget the not forget the youth.
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22:17 The Prime Minister clarified that he did not say the is the budget which does not address the pandemic but it is a budget which does not address only the pandemic situation.
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22:16 Abela also said that the situation with Cyprus cannot be compared with that of Malta – regarding the IIP scheme.
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22:14 With the new regulations in the selling of passports scheme, Abela said that Malta will not be facing the same issues.
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22:08 Regarding the European Commission's decision announced today – it will take legal action against Malta regarding the IIP scheme – PM Abela said that the scheme is now part of the past.
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22:03 Asked if Minister Scicluna is expected to resign, PM Abela said it was not an appropriate question. He then thanked Minister Scicluna for his work.

He also said that he has the utmost respect towards the media as it is an important pillar in our democracy.
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22:02 The wage supplement is one of the best measures implemented to safeguard employment and businesses.
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22:00 Wage supplement: Abela described the agreement on the wage supplement as historic in such a scenario.
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21:56 Regarding the reactions by unions and other social partners, Abela said that until now he did not have a chance to see their reaction but say he does not agree with MUT's statement.
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21:52 Moneyval: "We were compliant with the recommendations but we need to remain focused" – Abela
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21:51 Abela does not agree with the statement that the tourism sector will not return back on its feet.
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21:49 This is not a budget which addresses the pandemic but a budget which will address the next 10 years, said Abela.
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21:48 Regarding teleworking, Prime Minister Abela said that it should be implemented whenever it is possible.
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21:47 It is now question time. Journalists will ask their questions.
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21:43 Scicluna said that this budget addresses people from all strata of society.

He explained that this budget gives great importance to Green Economy and to technological infrastructure.
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21:43 Finance Minister Edward Scicluna is now addressing the press conference.
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21:42 "This is a budget which will prepare us for the coming years" – Deputy Prime Minister Chris Fearne.
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21:41 Minister Fearne is mentioning the Green Economy measures.
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21:38 He is now referring to measures mentioned in the budget speech.

Newsbook.com.mt has already published articles which give a detailed explanation of the measures.
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21:37 Deputy Prime Minister Chris Fearne stated that next year and the year after we will have similar budgets as our economic situation is stable and that the government will work to maintain it so.
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21:35 He also said that Malta, unlike other European countries, did not implement austerity measures.

"With this budget, people will tomorrow wake up and feel better than today" – Minister Fearne.
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21:33 "This year was not easy not only for Malta. Countries tried to safeguard businesses and strike a balance with the public's health," said Minister Chris Fearne
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21:32 Minister Chris Fearne is now addressing the press conference.
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21:31 "This year, together we have achieved a lot despite the challenges posed by coronavirus pandemic" – Abela
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21:30 "How can you be ashamed to be Maltese. I am proud of being Maltese," said PM Robert Abela.
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21:28 Abela is referring to measures Minister Scicluna already explained during the budget speech, such as educational measures.
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21:27 He explained how the voucher system, which will be launched again next year, has resulted in a great economic impetus.
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21:26 This is not a budget that addresses only the present situation, said the Prime Minister.
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21:24 Abela also said that the middle class has been addressed in the budget for next year.

"We are a pro-market government" – PM Abela.
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21:23 He is now explaining what the measures to pensioners mean to them.
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21:22 "Our hearts are with the pensioners" – PM Abela.
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21:21 The Prime Minister said that the government was very cautious. He said that the government could have allocated more funds for social measures for example but decided to be more cautious as the government does not know what the future holds – in view of the pandemic.
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21:19 Abela is now comparing the budget presented by the PN government back in 2009 when Malta was facing an economic crisis – like the rest of Europe, with the budget presented today.
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21:18 "This is the best budget in history" – PM Robert Abela
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21:18 Abela said that this administration had managed to do what other administrations did not have the courage to implement.
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21:17 PM Abela is addressing the press conference now.
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21:14 We are now waiting for PM Robert Abela, Deputy PM Chris Fearne and Finance Minister Edward Scicluna, to arrive.
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21:11 New MPs Miriam Dalli and Clyde Caruana are also present.
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21:01 A few minutes ago Finance Minister Edward Scicluna concluded his budget 2021 speech.
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21:00 The press conference will be held in front of Castille. PL MPs are attending the press conference.
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20:59 Prime Minister Robert Abela is expected to address a press conference soon.
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20:59 Good evening and welcome to Newsbook.com.mt live blog.
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