Tag: Finances
-
The total cost of Labour’s Peronism in 2027: €0.5 billion and counting
The total cost of the Labour Party’s Peronism as pledged during this electoral campaign amounts to at least €0.5 billion. Note that the Nationalist Party is not opposing this new form of economics; on the contrary. It is going along with it by proposing its own different form of tamed down Peronism with the concepts…
-
The 2025 Maltese economy was hot: but structural problems are becoming larger and riskier
2025 was a relatively good year for the Maltese economy but government finances seem to have taken a step back. The government was successfully reducing the deficit by increasing tax revenues and next year aims to get closer at cutting off the deficit completely. However, this year, government finances broke the positive trend. At the…
-
Nationalist Party presents accounts: debt and income both increasing
Yesterday, the Nationalist Party submitted its accounts to the Electoral Office. You can find the accounts for 2024 here. Before paying debts (impairments) the Nationalist Party has declared an operating profit of €295,226, with the operating profit for 2023 coming at €1,496,956. PN paid up to €1 million in impairments and debts in 2024 and…
-
An interesting view of the Labour Party’s accounts for 2024
Yesterday, the Labour Party submitted its accounts to the Electoral Commission for 2024. The Labour Party’s finances are not very rosy but they aren’t very troubling either. The party registered a €1 million in deficit spending for last year, compared to a €400,000 surplus for 2023. Overall, the Labour Party increased its expenditure from €1.46…
-
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…
-
Explaining Clyde Caruana’s plan
There is a lot that can be discussed and analysed in the very brief interview with Minister for Finances Clyde Caruana. Not only does he clearly dissociate himself from the reckless expenditure of the government, but he also admits that he is powerless and that the Finance Ministry has been simply reduced to an accounting…
-
Exclusive: Interview with Minister for Finances Clyde Caruana
After more than a year of sending him emails, chasing him, and goading him for an interview, finally I got hold of the second most important person in the government: the Minister for Finances Clyde Caruana. He was also courageous enough to pick up the phone and trust me, something which he may regret later…
-
Many half-men will quickly change their lifelong-held views for €5,000 a month: like Paul ?ahra
Little has been made public about Robert Abela’s newly elected permanent secretary of the Ministry for Finance, Paul ?ahra. He replaced Alfred Camilleri who held his position since the Nationalist administrations. Paul ?ahra was appointed to his new post by Prime Minister as are all other permanent secretaries. Paul ?ahra has spent a career at…
-
Many half-men will quickly change their lifelong-held views for €5,000 a month: like Paul Żahra
Little has been made public about Robert Abela’s newly elected permanent secretary of the Ministry for Finance, Paul Å»ahra. He replaced Alfred Camilleri who held his position since the Nationalist administrations. Paul Å»ahra was appointed to his new post by Prime Minister as are all other permanent secretaries. Paul Å»ahra has spent a career at…
-
Here’s a better picture of the Labour Party’s finances
Today, there was a news item about the Labour Party refusing to file its accounts per law. Its previously filed accounts are full of lies of course and don’t reflect the truth. Everyone knows that both major political parties lie about their finances while avoiding their taxes. I am not familiar with the financial situation…
