?The Government will be presenting the Budget for 2025 in Parliament on Monday, the 28th of October. In comments made by Prime Minister Robert Abela while in New York in relation to the commitments of the 79th session of the United Nations General Assembly, announced that the Finance Minister will be reading the Budget speech towards the end of next month.

Abela said that the Budget for next year will be “a budget that will link the fiscal incentives to the five priorities in which we want to direct our economy,” adding that “this will be another socially strong Budget but also that rewards courage by strengthening the middle-class through a reduction in the income tax rate.”

He went on to say that “the main principle of the Budget is to improve everyone’s quality of life, not only to incentivise, subsidise and offer a better income for the family but to ensure that all that is beneficial for the people must be enjoyed by the people in tranquillity.”

Dr Abela noted the consultation exercise that the Government is carrying out with the social partners and the people. He said that this social dialogue is important in drawing up the Budget with which the Government continues to offer direction for the coming year and beyond.

Abela also explained how areas such as the environment, infrastructure, health and education, “will remain crucial in the capital investment that the Government will be making in the next Budget. This while the fiscal situation will continue to be strengthened with wise and targeted investment.”

Photo: DOI

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