Finance Minister Edward Scicluna has described tomorrow’s Budget as a prudent one. In this context Professor Scicluna stated Government would not overspend, and from results obtained it will continue spreading wealth to offer quality of life to families and businesses. TVM has prepared a special transmission on the Budget as well as first reactions from politicians and social partners.
The culmination of weeks of preparation for one of the year’s most important exercises for the Finance Ministry – the Budget for next year – reached its peak in the past hours.
Budget planning kicked off in summer, through internal consultation with Ministers and Parliamentary Secretaries who would have presented their proposals. Minister Scicluna met with workers’ representatives and with employers’ associations at the MCESD, and also received proposals from the public.
At the end of August the Finance Ministry published the pre-Budget document which gives a picture of the economic situation and challenges which have to be tackled, and indicates sectors earmarked for priority in Government expenditure. The document had as its theme “Insostnu Tkabbir Inklussiv”,which Professor Scicluna stated indicates Government wants to continue sustaining economic growth whilst ensuring it it reaching out to every part of Society.
Consultation with the public and social partners continued through meetings and also through the Malta Budget 2020 app, through which, according to the Ministry, the public had submitted over 900 suggestions.
Although tight-lipped about tomorrow’s measures, Minister Scicluna gave an indication of the Budget’s general lines.
“A prudent Budget which will not overspend. A budget which, through results obtained, will continue to sustain inclusive growth, which in turn will mean everyone will benefit.”
For tomorrow, TVM is planning a special schedule of transmissions, with a programme starting at 4.45 p.m. with a discussion and link-ups with San Anton Palace, where President George Vella will welcome the Finance Minister for the signing of the Budget, and with Parliament in Valletta, from where the full Budget Speech will go on air at 6.30 p.m.
The Budget Speech will be followed by a new bulletin which will include a media conference by the Prime Minister and the first reaction by the Opposition leader. The bulletin will be followed by a special programme with the participation of politicians, and comments and reactions to the Budget by workers’ and employers’ representatives. Radju Malta will broadcast the Budget Speech, as well as a discussion programme at a later stage. The electronic site tvm.com.mt will also carry several articles explaining the Budget according to different themes.