PN to introduce Fiscal Council
An independent Fiscal Council will be created in order to ensure that the Government keeps Malta’s finances on track, PN Deputy Leader Simon Busuttil explained.
Dr Busuttil described the PN Electoral campaign proposals at the PN Headquarters and emphasised the PN’s belief that a balanced budget is achievable. He added that an expenditure review will be undertaken in order to lower costs without removing jobs or services. "This expenditure review and the council show our belief in our proposals," Dr Busuttil reiterated.
Dr Busuttil spoke of pension accounts for children. In order to strengthen the financial situation of future pensioners, the PN will open a pension account worth €1,000 for every child born.
The last measure dealt with the removal of succession duty and tax on donated property. Dr Busuttil explained that should the PN come to power, from this year parents would not need to pay tax when transferring residential properties to their children. The PN Deputy Leader added that in the future the PN would expand this proposal to include all forms of property.
When asked about the PN’s proposal to fund medicines bought from the private sector, the PN Deputy Leader emphasised that the Government will pay patients the price at par with what the Government would have paid for, should they be out of stock.
Concluding, Dr Busuttil criticised the Labour Party for not revealing their Electoral Programme with just a few weeks to go before the General Election on March 9.