Gladiator
1stOctober2006, 22:26
http://www.di-ve.com/dive/portal/portal.jhtml?id=250444
Does this make any sense Sur Harry? Spend more though do not increase the deficit beyond the 3% threshold? hemmmmm here comes Harry’s lessons in Economics 101.
Let's see.
A miserly budget, more is needed - AD by Ruben Cassar, di-ve news
http://www.di-ve.com/image-jpeg.dyn?imageId=250446
VALLETTA, Malta (di-ve news) -- October 01, 2006 -- 1205CEST -- In a Press Conference held at the Party's offices, Alternattiva Demokratika (AD) presented its proposals for the coming budget.
AD Chairperson Dr. Harry Vassallo said: "Government is stating that the sum of Lm8 million is what it will have to spare in the coming budget. Bla, watch out. The sum is insufficient. Whilst we recognise the importance of meeting the Maastricht criteria, one of which is reducing the deficit to 3 per cent of GDP, we believe that much more can be done in this budget without over-running the budget targets." Sounds like he took note of what was always said in this forum. Cut the Big Government. Right Harry?
The AD leader continued by saying that AD's working group (Wonder who they are? Is Zeza and Peppi tal-frott parti mill dan il-Group?) on the budget produced a set of concrete proposals. Oh yes we get a lot of that don't you worry Harry!:eek: These should stimulate economic growth, reduce taxes on business, provide financial and community support to families, give a boost to Gozo's economy as well as stimulate key sectors like tourism without risking that the deficit will overrun. hehehehe yes Harry, but how will you do it without risking the deficit to shoot up like a clogged up toilet?
"The proposed Lm8 million, government has put forward is miserly. That doesn't even cover the salary of the the public sector. Air Malta just reported a loss of 7 million. We target overall budget measures of Lm18 million to be invested in our economy without surpassing Malta's obligations with the EU whilst ensuring that Euro adoption is not jeopardised", Dr. Vassallo said. So far so good.
Dr. Vassallo suggested that the additional funds are raised primarily by an increase in the tax rate on banks and telecommunication companies from 35 per cent to 40 per cent. Increase capital gains to 5% on Banks and Telecoms? hemmmmm. Yeah right Harry lets tax the coporations which have to compete in an globalized competetive world? As if these tax increases will not be shifted to the consumers Harry? Ja Basa. In addition AD proposed that the government steps up measures to combat rampant tax evasion by those businesses that unashamedly operate on an "open cash register" basis. It is also necessary to work on reducing government costs primarily by clamping down on social security fraud and a reduction in government's operating costs. Well isn't what this forum have been saying for the past year Harry? Less Government less taxes!
Politically the government must ensure that the funds needed are derived from those sectors that can afford to pay more. And which are they Harry? There can be no more taxes on the middle-class that has carried most of the financial burden over the last three years. Everybody is feeling so sorry for the Middle Class. What has happened to the Klassi tal-Haddiem?
The departure tax must be removed. "Alternatively we are proposing a carbon tax of Lm 10, if the proceeds from this tax are invested in improving public transport," said Dr. Vassallo. Rob Peter to pay Paul,u ejja Harry? That's an old trick, Harry. Have you ever heard that one, You can never teach an old dog an old trick?
In their proposals AD also mentioned a serious and well-targeted clampdown on electricity theft with a target saving of Lm1 million in the first year and a reduction in the government's operating costs, excluding social security, healthcare and education, of 5 per cent. Is this possible if not reducing expenditure in these areas Harry? Overall Harry, has taken a leaf out of the Conservatives' Economic plans of Margaret Thathcer and Ronald Reagan.
U Harry u economic group tal-AD jahsbu se belew din lill Maltin?:eek:
Does this make any sense Sur Harry? Spend more though do not increase the deficit beyond the 3% threshold? hemmmmm here comes Harry’s lessons in Economics 101.
Let's see.
A miserly budget, more is needed - AD by Ruben Cassar, di-ve news
http://www.di-ve.com/image-jpeg.dyn?imageId=250446
VALLETTA, Malta (di-ve news) -- October 01, 2006 -- 1205CEST -- In a Press Conference held at the Party's offices, Alternattiva Demokratika (AD) presented its proposals for the coming budget.
AD Chairperson Dr. Harry Vassallo said: "Government is stating that the sum of Lm8 million is what it will have to spare in the coming budget. Bla, watch out. The sum is insufficient. Whilst we recognise the importance of meeting the Maastricht criteria, one of which is reducing the deficit to 3 per cent of GDP, we believe that much more can be done in this budget without over-running the budget targets." Sounds like he took note of what was always said in this forum. Cut the Big Government. Right Harry?
The AD leader continued by saying that AD's working group (Wonder who they are? Is Zeza and Peppi tal-frott parti mill dan il-Group?) on the budget produced a set of concrete proposals. Oh yes we get a lot of that don't you worry Harry!:eek: These should stimulate economic growth, reduce taxes on business, provide financial and community support to families, give a boost to Gozo's economy as well as stimulate key sectors like tourism without risking that the deficit will overrun. hehehehe yes Harry, but how will you do it without risking the deficit to shoot up like a clogged up toilet?
"The proposed Lm8 million, government has put forward is miserly. That doesn't even cover the salary of the the public sector. Air Malta just reported a loss of 7 million. We target overall budget measures of Lm18 million to be invested in our economy without surpassing Malta's obligations with the EU whilst ensuring that Euro adoption is not jeopardised", Dr. Vassallo said. So far so good.
Dr. Vassallo suggested that the additional funds are raised primarily by an increase in the tax rate on banks and telecommunication companies from 35 per cent to 40 per cent. Increase capital gains to 5% on Banks and Telecoms? hemmmmm. Yeah right Harry lets tax the coporations which have to compete in an globalized competetive world? As if these tax increases will not be shifted to the consumers Harry? Ja Basa. In addition AD proposed that the government steps up measures to combat rampant tax evasion by those businesses that unashamedly operate on an "open cash register" basis. It is also necessary to work on reducing government costs primarily by clamping down on social security fraud and a reduction in government's operating costs. Well isn't what this forum have been saying for the past year Harry? Less Government less taxes!
Politically the government must ensure that the funds needed are derived from those sectors that can afford to pay more. And which are they Harry? There can be no more taxes on the middle-class that has carried most of the financial burden over the last three years. Everybody is feeling so sorry for the Middle Class. What has happened to the Klassi tal-Haddiem?
The departure tax must be removed. "Alternatively we are proposing a carbon tax of Lm 10, if the proceeds from this tax are invested in improving public transport," said Dr. Vassallo. Rob Peter to pay Paul,u ejja Harry? That's an old trick, Harry. Have you ever heard that one, You can never teach an old dog an old trick?
In their proposals AD also mentioned a serious and well-targeted clampdown on electricity theft with a target saving of Lm1 million in the first year and a reduction in the government's operating costs, excluding social security, healthcare and education, of 5 per cent. Is this possible if not reducing expenditure in these areas Harry? Overall Harry, has taken a leaf out of the Conservatives' Economic plans of Margaret Thathcer and Ronald Reagan.
U Harry u economic group tal-AD jahsbu se belew din lill Maltin?:eek: