It's a deficit attack
With the deficit for 2003 projected to reach 6.3 per cent
of GDP, or Lm108 million, Finance Minister John Dalli had one target
in mind when drawing up the budget for 2004: scaling back the deficit.
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VAT increase, fiscal measures lambasted
by employers bodies
By David Lindsay
Reacting to Mondays budgetary measures, Maltas constituted
bodies had few words of praise for what was effectively the fruition
of pre-budgetary discussions. READ
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Taxes
for healing the wounds
By Matthew Vella
The 2004 budget specifically earmarked tax and excise increases as a
source of dedicated revenue for an ailing health sector. With the exorbitant
Mater Dei project yet to achieve completion, this year should see at
least Lm26 million from VAT and tobacco directly funnelled into the
NHS.READ
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Increasing
taxes alone will not curb deficit, experts warn
By Kurt Sansone
Minister John Dalli has everybody on his side when he insists that the
fiscal deficit needs to be addressed. It is the method adopted to tackle
the problem that gives rise to critical opinions on the subject.READ
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