The Prime Minister’s comments come amidst growing concerns about the rising cost of living, inflation, and the impact of economic success on social cohesion. These concerns are not new, but they have intensified in recent months, fueled by the economic boom experienced by Malta in recent years. Abela’s statement reflects a growing awareness within the government that the economic success of the past few years has brought about significant challenges, and that ignoring these challenges will not lead to sustainable progress. He emphasizes the importance of acknowledging these challenges, not being arrogant, and then addressing them.
* Abela’s Budget 2025 focuses on three key areas: economic growth, social inclusion, and environmental sustainability. * Abela emphasized the importance of investing in education and skills development to boost economic growth. * He highlighted the need for social inclusion initiatives to address inequality and poverty. * Abela stressed the importance of environmental sustainability and the need for Malta to transition to a green economy. * Abela’s Budget 2025 aims to increase pensions and ensure energy price stability.
