Tag: subsidies
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At least €60 million in additional fuel and electricity subsidies so far
The Maltese government has already spent up to €60 million in additional fuel and electricity subsidies to tamp down fuel and electricity prices which have risen as a result of the war in Iran. This will push the overall bill for the fuel and electricity subsidies for this year way above the €200 million mark.…
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The new Labour Party’s economics is similar to Peronism
The new trend of Labour Party economics isn’t new and neither innovative. Direct subsidies have been the common feature of Third-World economies where there is a wide discrepancy between the average and minimum salaries and the cost of living. That a government needs to issue subsidies is also a sign of the weakness of the…
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Labour government organises press conference to launch energy plan: no actual plan published
In a very pompous and well polished and markete4d press conference, Energy Minister Miriam Dalli announced her energy-plan for the next five years, but no actual plan was published or distributed to the press. A document was presented describing “Five pillars” which include already-existing concepts applied in government policy such as energy and fuel subsidies.…
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Squinting with condescension and spite: the Super ONE journalist handling Malta’s energy and electricity contracts
The Super ONE journalist who was given responsibility over Malta’s energy and electricity contracts can’t even handle a little of bit of criticism as she squints with a patronising and spiteful look at her critic while she is told that subsidies should not go to people with super yachts. The Maltese public is effectively subsidising…
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“Subsidies will be replaced with a long-term plan for renewable energy” – Finance Minister Clyde Caruana
During today’s press conference by Finance Minister Clyde Caruana, we asked the Minister two pertinent questions. First, we reiterated our question about the price at which the government is purchasing electricity from Electrogas. We then asked the Minister whether the government has a plan to wean off subsidies by transitioning the subsidy expenditure from recurrent…
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Only Third-World countries tamp down inflation with direct subsidies
The Labour government is currently running a very vexatious and dishonest campaign accusing the Nationalist Party of intended to remove electricity and fuel subsidies. At no point did the Nationalist Party or Opposition Leader Alex Borg declared such a policy. Contrary to what the Labour Party is declaring, Opposition Leader Alex Borg has clearly stated…
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Finance Minister joins the Labour propaganda show: Energy Minister says subsidies are an “investment”
The Labour government continues to avoid questions about its energy purchases and instead keeps organising self-ingratiating and self-congratulatory propaganda shows to brag, for the 1000th time, about its great benevolence and financial acumen in issuing subsidies to keep electricity bills low. They also produced a Eurostat chart which has been public for some time, supposedly…
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Hedging after the event – ONE News
The Labour Party’s propaganda arm, ONE News, has announced, out of the blue that the government is making hedging agreements with “international banks” and securing fuel storage as part of international measures to guarantee fuel supply at stable prices in Malta. The announcement was made in the backdrop of a fuel-shock in Europe. Separately, the…
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The Maltese public deserves full transparency about Miriam Dalli’s energy deals and soaring subsidies
An official source at the Ministry of Finance has confirmed with Times of Malta that the actual amount of subsidies spent by the government in the month of March was €100 million not €20 million. Meanwhile, the Energy Minister is refusing to publish its energy deals with Electrogas and its gas purchase deal which was…
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Up to €20 million additional subsidies on fuel and electricity spent in March
According to a very conservative estimate, if the government is forking out up to €250 million of subsidies every year to keep oil and gas prices at a $60 level, with gas set at an oil price benchmark, and purchasing the oil at an average of $70, the government would have spent at least up…
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Let them eat tranquility (part 2): Malta with the fourth highest food prices in the EU
It’s remarkable how incredibly out of touch and disorientated the Labour government and its MPs have become. This should be expected among a group of MPs in a criminal organisation whose main and primary interest its own enrichment and the enrichment of its own members. None of the Labour MPs are able to speak honestly…
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EU Commission to come up with toolbox to address energy prices: Council condemns deteriorating situation in Gaza and the West Bank
The European Council met in Brussels yesterday to discuss the ongoing ramifications of the war in Iran and also to discuss Europe’s support for Ukraine. President Volodomymyr Zelensky was also present in Brussels for meetings with EU officials. There was however, no update over the EU €90 billion loan to Ukraine which was vetoed by…
