Tag: Budget
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Adrian Delia refers to the unsustainability of electricity and energy subsidies
Adrian Delia wrote an article for The Malta Independent referring to EU Commission reports about Malta’s ongoing Excessive Deficit Procedure. The reports make reference to Malta’s energy subsidies and recommend them to be cut. Opposition Leader Alex Borg said that he wants to retain energy and electricity subsidies indefinitely and his position aligns with the…
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Russia to reduce defence budget amid rising economic pressures
The Russian government is estimating it will rake in up to 41 trillion Roubles in revenues ($516 billion) and spend up to 44 trillion Roubles ($570 billion) with a defence budget of up to 13 trillion Roubles ($157 billion). Russia’s defence budget for next year will be slightly lower than this year which was at…
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European Parliament approves 2026 budget: overwhelming support for Ukraine
There was overwhelming support for Ukraine in today’s EU Parliament during the Strasbourg sessions as MEPs condemned the capitulation proposal pushed by the US and Russia on Ukraine. MEPs overwhelmingly underlined the principle that there should be no negotiations without Ukraine and that anything that Ukraine alone should decide on its future course with regard…
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You can’t crticise the government for raising debt if you want to keep the subsidies
Yesterday in Parliament, Alex Borg did a Miriam Dalli and said that he will be retaining energy subsidies and lower electricity bills via renewable energy sources if elected Prime Minister. Alex Borg doesn’t seem to understand that Malta has the lowest electricity tariffs in the EU because the government is spending up to €200 million…
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EU Council approves EU Budget for 2026
The European Council has finalised the negotiations over the EU Budget for 2026 which has been approved by the European Parliament. The new budget sets €192.8 billion in commitments and €190.1 billion in payments. Commitments refer to the total amount the EU is legally pledging for multi-year programmes, while payments reflect the actual money expected…
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Protestors show up in force during the Finance Minister’s Budget Speech
Protestors kept their promise and showed up in force during tonight’s budget speech to protest against the government’s proposed planning laws. A full video of the protest can be found here. Maltese HeraldNewsroom themalteseherald.com
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What to expect from Budget 2026
Budget day has finally arrived, and after much pomp and fanfare, Finance Minister Clyde Caruana will be reading the Budget Speech later tonight starting at around 18:30. There has been much speculation on what to expect with several figures being thrown about. Yesterday, the Prime Minister announced the continuation of energy and fuel subsidies. The…
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Prime Minister Robert Abela says energy and electricity subsidies to continue
Prime Minister Robert Abela has took the podium at the Labour Party Annual General Conference just right after Moviment Graffitti activists camped outside parliament ahead of yesterday’s protest against the government’s proposed planning reform. In his speech, the Prime Minister announced that energy and electricity subsidies will continue for the upcoming year. Energy and electricity…
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Malta’s public finances record €203.4 million deficit by August 2025 amid rising expenditure
Government finances remained in deficit territory in the first eight months of 2025, with a shortfall of €203.4 million reported in the Consolidated Fund, according to the latest statistics from the National Statistics Office (NSO).  This compares to a €98.6 million surplus registered during the same period in 2024, according to the latest data.…
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Just sell it: our economy, culture, intelligence and research would boom to incredible highs
Recent press reports citing that the University of Malta is going into debt are not surprising. The University of Malta is one of the worst performing national universities in the world. This is not an opinion, but a fact as presented by the annual research and university surveys done internationally that University of Malta even…
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EU Commission unleashes €1.717 trillion budget for 2028 – 2034
The EU Commission has presented its budget estimates for 2028 to 2034. The Multiannual Financial Framework (MFF) is estimated up to €1.717 trillion for 2028 to 2034. Some of the budget’s main priorities include the National and Regional Partnership Plans with €865 billion, competitiveness and innovation with up €400 billion, cohesion and agriculture with up…
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5 years after taking office: Abela increases government revenue by 58.05% but expenditure increases by 67.07%
According to the government’s latest financial reports on 2024, government revenue and expenditure were 58.05% and 67.07% higher respectively from 2019 figures. Malta’s average annual GDP growth rate from 2020 to 2024 is estimated at around 1.2% to 1.5% according to official figures. Government finances took a hit during the Covid pandemic and subsequently with…
