Tag: subsidies
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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…
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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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A new and unusual bravado over energy and electricity subsidies
The Minister of Finances has changed his position over the years in government from being fearful and cautious over energy and electricity subsidies, to boasting in parliament with a sense of bravado that these subsidies will continue indefinitely. The Labour government is successfully fighting the deficit and is moving closer to a surplus but is…
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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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Opposition Leader Alex Borg says he will keep energy subsidies and reduce electricity prices with renewable energy
Opposition Leader Alex Borg doesn’t seem to be making any effort at understating Malta’s energy issues, and hence why he has just said in Parliament that the Nationalist Party will keep energy subsidies and lower the cost of electricity with increased renewable energy sources. We are at a very dangerous point in politics in which…
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The elephant in the room while Minister Miriam Dalli posts billboards of trees
It is very strange how no one is talking about what is probably the biggest systematic risk to the government’s finances right now. In The Maltese Herald we have always argued that €200 million every year in energy and fuel subsidies are unsustainable to the government’s finances and the government needs to find a solution to…
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Indefinite electricity tariffs means the metro’s power will also be subsidised
The government’s increasing energy and electricity subsidies pose a systematic challenge and barrier not only in public finances, but also to new mega-projects like the metro. The Finance Minister isn’t factoring this problem in his concerns about the metro project and this is why there is no definite plan to cut back on energy and…
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Natural gas prices were the cheapest they have been in recent history, but Miriam Dalli is still harping about subsidies
Energy Minister Miriam Dalli is still at it with her delusions, bragging to the electorate that she has kept electricity prices low by spending up to €2 billion in subsidies since 2020. The government is still issuing energy subsidies and this year alone, Miriam Dalli is expected to disburse up to €596 million in subsidies.…
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The government debt accumulated by Miriam Dalli
Editor’s note: The content of this article was lost as a result of the website migration that happened in September/October last year. We will upload it back online soon. Mark CamilleriWebsite Editor Historian and Publisher
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A list of countries whose economies crashed partly due to energy and food subsidies
Food and energy subsidies have been a major cause of many economic collapses. This is a list of economic crises that took place partly because the government’s balance of payments was weighed down by excessive food and energy subsidies. Ecuador: 1999 Pakistan: 2008 – 2009 Venezuela: 2008 – present Zimbabwe: 2008 – present Egypt: 2008…