Tag: Public finances
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Why is the government spending more?
Yesterday, Nationalist MP and Shadow Minister for Finance Graham Bencini published a post on the government’s finances where he said that the government is spending up to €590,000 daily on interest rates on around €9.5 billion in debt, €4 billion of which have been accumulated during Robert Abela’s administration. Now, of course interest rate payments…
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On inflation and saying one thing and doing another
Ever since taking office, Clyde Caruana has insisted on the principles of financial austerity as budget expenditure kept ballooning. As of last year, he began making dire warnings that budget expenditure was going too high apart from disapproving of lavish and capricious government expenditure. He also said that he wanted to reduce the deficit and…
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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…
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No idea and no plan: just platitudes (2)
So, Clyde Caruana has finally realised that he needs a plan for the economy, but the only problem is that Baldrick the Prime Minister doesn’t even have a clue. They have no plan and no idea. Clyde is simply in management by crisis mode, fulfilling the orders of the Prime Minister to scour one billion…
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The obscenity of it all
After the government announced that it is beginning austerity measures, Robert Abela left for a Mediterranean tour on his yacht and is now in Ibiza. It’s been more than two weeks since he has been away. Meanwhile, Joseph Portelli is sending his Albanian thugs to Comino to ensure that protestors don’t clear out the beach…
