Tag: Minister for finances
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Not a serious person
After the war on Iran broke-out, the Minister for Finances Clyde Caruana presented his financial estimates to the press and explained his “€250 million buffer” against the budget deficit. He projected a serious demeanor of someone who is in control of public finances and that he is on track to achieve a budgetary surplus in…
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Despite the grand rhetoric from Labour, the government’s finances represent a risky social-liberal gamble against a backdrop of corruption
Malta already has a liberal taxation regime compared to other European countries. Although no one will object to having their taxes reduced, the big talk sounds ridiculous when you consider what’s actually going on behind the rhetoric. The government is taking a risky bet in social-liberalism by increasing government expenditure, reducing taxation and pushing to…
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It’s not true that the government has a “no new taxes policy”
Prime Minister Robert Abela’s main talking points are mainly two: that the government is subsidising the economy (apparently, something to be proud of), and secondly that the government hasn’t introduced any new taxes. Robert Abela’s economic policies are his own only, based on his feudal fantasies, and fly against all expert recommendations and the position…
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Finance Minister Clyde Caruana confirms that importers are hiking prices excessively through monopoly power
In his interview published today in The Times of Malta, the Minister for Finances Clyde Caruana has confirmed that large importers with monopoly power in Malta are excessively hiking prices for surplus profits with their monopoly power. The main case of such price hikes being discussed publicly right now are the price hikes by major…
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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…
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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…
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Yes, this is strange
Yes, it is strange that Minister for Finance, Clyde Caruana could purchase a sprawling half a million Euro worth of property with a salary of just €50,000 per year as chief executive of the Jobs+ Agency. Even stranger is that this information is coming out only after Clyde Caruana came to blows with the Prime…
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What a hilarious joke this guy is
Clyde Caruana is saying that he will be introducing “high-powered AI” in the tax department. I laughed out loud when I read the news. It is the first time I have ever heard this description “high-powered AI”. What’s low-powered AI? Robert Abela’s brain? Nowadays, “AI” has become a very popular buzzword and everyone wants to…
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No one really takes him seriously
Do you remember when last year the Minister for Finance, Clyde Caruana said that the party was over and that the government has to start cutting costs to address its deficits and debt issues? A year has passed since then and within the government, no one took him seriously. Everyone ignored him. In fact, Clyde…
