The Malta Development Association announced twenty-six proposals for the annual budget 2025 during a consultation meeting with the Government at the Castille.

The MDA maintained that the Budget for the coming year is “a crucial one,” especially in the Property sector. “This is because it has the strength to address a number of deficiencies observed over the years as well as prepare the Government’s direction and plan for the coming years,” the MDA said.

The MDA said that its proposals focused in particular on themes of quality, sustainability and affordability of properties, on better quality of life and other revisions that address the bureaucracy.

The proposals included among others; tax reduction on donations between direct relatives, allocation of a fund through which properties in urban areas are acquired in order to be converted into green spaces that are open to the public, as well as the possibility that individuals who have obtained loans from the bank will be able to deduct the interest from their income tax.

Present for this meeting were Prime Minister Robert Abela, Ministers Clint Camilleri, Byron Camilleri and Jonathan Attard, Parliamentary Secretaries Andy Ellul and Omar Farrugia, Member of Parliament Chris Agius and the Head of the Secretariat in the Office of the Prime Minister Mark Mallia.

Representing MDA There were Michael Stivala, Leon Chetcuti, Denise Xuereb, Alfred Camilleri, Pierre Galea, Malcolm Mallia, Mario Cachia, Sandra Magri, Lauren Rampley, Andrew Xuereb and Matthew Zammit.

To read the budget proposals in full (Maltese version only) please click here.

Photo: OPM

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