Last Updated 21 | 10 | 2013 at 12:56


Minister denies €50m tax increase

Article By: news

The Minister for Finance, Prof. Edward Scicluna, this morning denied that taxes will increase by €50 million in the forthcoming budget for 2014.

Addressing an MCESD meeting on the 2014 Budget, Prof. Scicluna lamented that a journalist interviewed him but the interview was not aired in full and thus skewing the message. He denied that inflation and unemployment increased.

The budget is expected on November 4.

Last week, the Nationalist Party last week asked the government to reconsider its decision to impose €50 million worth of taxes in the Budget for 2014 increasing the tax burden that the previous government had lowered year after year. The Opposition said that these taxes were in contrast to the reductions made in the Budget amounting to €21 million affecting 113 programmes and initiatives and 57 government entities.

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