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Gozo Business Chamber gives it’s response to Budget 2011

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Gozo Business Chamber gives it's response to Budget 2011The Gozo Business Chamber (GBC) said in response to this weeks budget speech that it appreciates that this year’s budget is based on the rhythm which the Maltese economy has developed lately and that the measures being proposed are aimed to strengthen this rhythm; to see that the deficit and national debt decrease; create new jobs; increase productivity; Malta remains competitive; and also strengthen the educational and social services.

On the national level and considering the present circumstances when neighbour governments are taking strict measures of austerity, the GBC said that it feels that this is a prudent and responsible budget which strengthens social solidarity.

The GBC said that regarding Gozo, besides the national benefits as mentioned in the budget, we appreciate the fact that the budget is providing for other measures amounting to €73 million. The Budget mentions the Micro Business Park; the study of the Marsalforn breakwater; childcare at Xewkija Industrial Estate; recreational areas; a farmers’ market, and others. They also noted that two projects suggested by the GBC have been incorporated in the government’s plan for this year. These are the indoor swimming pool and the SMEs park.

However, the Chamber said that it was looking forward to other measures that could help further Gozo’s economy, like permanent schemes to make up for our double insularity; more sports facilities at international standards; serious tackling of the parking problem in the upper part of Victoria; Broadband connections for ICT and measures so that the GBC would be able to devise an online portal and webcast to encourage coordination for Research and the creation of ICT Clusters.

The Chamber went on to say that it does not agree with the 2% VAT increase on touristic accommodation especially now that many of next year’s contracts are already confirmed.

The CGC concluded that all on all, it feels that this budget is providing the tools that can lead to job creation and for an economy based on high levels of the environment, education and innovation.

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