PL's Plans cost €732 million
The Labour Party’s roadmap costs €732 million, PL Leader Joseph Muscat argued this evening at the PL Headquarters in Hamrun.
Dr Muscat explained that the PN’s programme would cost the country €1.1 billion, adding that the PL Manifesto will reduce the deficit to 0.5% by 2017. He explained that the PN proposals will either bankrupt Malta or will require the creation of new taxes in order to create balance. The Labour Leader mentioned the International Monetary Fund, stating that the IMF showed that the PN’s programme is not possible.
The PL Leader accused the PN of wanting to cut spending from Social Services and Healthcare. “Tonio Fenech has consistently missed targets,” he added. Dr Muscat explained that the PN’s plan commits 70% of capital expenditure, whilst the PL’s proposals only commit 25%. "Our capital projects cost €416 million over four years,” he explained, adding that €321.6 million will come from recurrent expenditure.
Concluding, the PL Leader spoke of reducing spending through cutting bureaucracy.