August 2010

Tonio Fenech’s ‘no crisis’ policy

It may very well be that Finance Minister Tonio Fenech is following a strict vote of silence on the harsh economic realities being faced by the local industry. Albeit tacit, he affronts the situation with unparalleled confidence and optimism. But is this approach really leaving its desired effect onto the industry? Should we buy it? In his first term as minister, Tonio Fenech’s abilities are being tested by baptism of fire in ... [+]

Scicluna ‘considers’ Muscat’s invitation to stand with MLP

MaltaToday can reveal that Muscat asked the renowned professor to contest on the Labour ticket in the last days, as rumours that the MLP was planning to announce a star candidate for the upcoming June elections abounded. “Yes, I am actively considering contesting as an MLP candidate,” Prof. Scicluna told MaltaToday. ... [+]

Intaxxati bil-moħbi

Kulħadd jaċċetta li kull Gvern irid jintaxxa biex ikollu x’jonfoq fuq is-servizzi pubbliċi. Però għal kol lox hemm limitu. U dan japplika għat-taxxi wkoll. Mhux l-ewwel darba fl-istorja nisim għu b’rew wixti meta l-pajjiż iħoss li m'għan dux iħallas iżjed milli jmissu. It-tbatija, riżultat tal-piż tat-taxxa, tkun tant kbira li ... [+]

Taxation by stealth

We define a tax burden as the ratio of revenue from taxation to the country's national income as measured by the GDP. This ratio varies over time and from country to country. What is definite about it is that, as the tax burden increases so does the pinch on one's ... [+]

Yet another tax-and-spend binge

Outspoken economist Edward Scicluna sticks to his guns and wards off detractors by saying it as it is when it comes to the state of the economy. As he peers from behind his spectacles, Edward Scicluna makes a gentle allusion to the state of the Maltese economy, as a hard-working bloke ... [+]

Government math is “flawed” says economist

Government’s calculation showing how a reduction of public holidays which fall on a weekend will increase productivity by around 1.5 per cent in 2005 is flawed and the workings presented to the social partners are “a childish attempt at economic estimation” according to economist Edward Scicluna. Speaking to The Malta Financial ... [+]

Press Release – Dejn

Press Release - 25 ta’ April 2009. Stqarrija mahruga mill-Kandidat ghall-Elezzjonijiet tal-Parlament Ewropew Edward Scicluna Il-gvern mgieghel jammetti li id-deficit u d-dejn huma akbar milli kien qieghed jistma fil-passat b’sistema tal-accounting antikwata Il-Kandidat Laburista ghall-elezzjonijiet ghall-Parlament Ewropew, il-Professur Edward Scicluna, qal li l-Gvern gie mgieghel jammetti li d-Deficit u d-Dejn ghall-2008 huma fil-fatt ... [+]

EC ‘too naïve’ to believe Malta’s fiscal deficit was a one-off

Senior economist and Labour candidate for the European Parliament (EP) elections Edward Scicluna said that with its assessment of Malta’s Stability Programme for 2009, “once and for all the EU has clarified a point which I felt was being misunderstood by many local economic observers. “This refers to the quick conclusion ... [+]

The ‘big R’ has arrived

The economy went into a recession during the second half of 2008, confirming the widespread feeling that Malta was not going to remain unscathed by the "big R". Economic growth for the whole of 2008 reached 1.6 per cent, which, although positive, was still two percentage points lower than the previous ... [+]

Capital projects could re-ignite economy

The capital projects proposed by government could be the key for public finances to recover from the current state which saw the deficit expand by EUR74m in January. Statistics issued last week by the National Statistics Office showed that government debt increased by 117 per cent during January to EUR136.5m, more ... [+]

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