Is the sound economic performance fully reflected in all walks of life?

Tuesday, March 7th, 2017

Without sound public finances there is no social justice. With the 2017 budget the Government has continued to push a process of reform for a stronger and better economy. During the past three years the government has excelled in introducing measures which have incentivized economic growth on the notion that the country had to live within its means, balance the budget and place the private sector –enterprise and business – as the foundation of our prosperity.

The deficit and the national debt as a percentage of GDP have decreased to an all-time low and the level of employment increased with the country fast approaching the natural rate of unemployment. Malta, which under the previous Government became one of the European countries to be subject to an excessive deficit procedure, is now one of the Euro zone’s foremost economies.

In the first half of this year, Malta registered a 4.1% growth in real terms, more than double that achieved in the EU. The Government’s success in this regard has also been reflected in Malta’s credit rating, which has been increased by Standard and Poor’s from BBB+ to A-. This sustained period of sound economic performance is acknowledged by Maltese families and citizens from all walks of life too, all but the Leader of the Opposition whose economic expertise was limited to predicting, absurdly, a bailout for the country and a record rate of unemployment.

These formidable results were achieved as a consequence of Labour`s pro-business approach, in championing retraining programmes, encouraging more women to join the workforce, support targeted at those who need it most, free childcare and the tapering of benefits. A surge in foreign direct investment resulted in thousands of jobs being created by the private sector, and inter alia creating the supply for the demand from the intake of new employees, both local and would-be expats willing to relocate to Malta.

By keeping its promise in adopting the previous administration’s election budget way back in 2013, Government provided the much needed stability the country was longing for.  On day one, this Administration adopted tax cuts to raise the middle class, which the previous administration failed to deliver for a whole legislature. The consequent positive economic growth has then allowed the Government, primarily with this years` budget to target vulnerable people, to redistribute wealth by way of higher pensions, better allowances for carers of the elderly, higher subsidies on rent, and increase in stipends. Not to mention reducing energy tariffs for households and businesses, putting €80 million back into people’s pockets. The several measures introduced over the last three budgets to lift specific pockets of society have by now created a social net which covers most people from different walks of life.

People with disabilities and their families were not only elevated financially in all three budgets but also provided with increased job opportunities.  Young couples buying their first home have been given a boost, as have working families with young children.  Maternity leave, in-work benefits, child supplements, bonuses for the elderly, the youth guarantee scheme, tax initiatives for family businesses, initiatives for Gozitan residents. The list continues and in one way or more, all Maltese have been supported by the Government and are tangibly feeling the difference from three and a half years ago.

Despite the country`s micro size and the prospect of its limitations, the Government`s fiscal policy in keeping finances in line with the budget estimates while adopting a non-austerity approach gained back the lost respect of the Commission, while the new “work pays” attitude and the breaking of the decades-old cycle of welfare dependency, has become the talk during informal ECOFIN meetings.

As shown by the 6.2% real GDP growth in 2015 – ranking top in the EU table, excluding Ireland – the economy is thriving.  Backed by a strong economy, expect this Government to aggressively take up the issue of poverty in Malta and continue to ascertain a better distribution of wealth for all. Looking at the three budgets of this administration as a whole, a prevalent factor is apparent:

This administration gave to the people, it never took from them.  That’s the only way to deliver real opportunity and social mobility.

Ingħaqad Magħna

Hekk kif din il-kampanja elettorali qed tkompli tikber u tirranka, qed noħorgu sejħa għal iktar voluntiera li jixtiequ jingħaqdu magħna.

Infasslu l-ġejjieni tagħna, flimkien.

Fil-politika hemm diversi persuni li ġejjin minn diversi spetri tal-ħajja. Hemm min ikollu l-passjoni politika, hemm min ikollu l-edukazzjoni politika, hemm min ikollu l-grinta politika. Nemmen li Aaron għandu it-tlieta li huma. Bla dubju li se jkollu rwol ċentrali u importanti ħafna fid-deċiżjonijiet f dak li jkun qed jiġri fil pajjiż.

Hon. Chris Cardona
Ministeru għall-Ekonomija, Investiment u Intrapriżi Żgħar

Wasal iż-żmien għal ġenerazzjoni ġdida li jirrapreżenta Aaron, Ewropeja, bieżla, twettaq u li m`għandha ebda inferiority complex, preparati anke biex jirraprezentawna barra minn xtutna ma politiċi barranin oħra. Jien kburi bil-kandidatura ta` Aaron Farrugia u l-Partit Laburista għandu biex jiftaħar.

Hon. Edward Scicluna
Ministru tal-Finanzi

Aaron fil-Parlament ikun ta` asset għal pajjiż għax huwa pro business u jifhem il-mentalita ta` kull imprenditur. Dan jgħina biex inkomplu bil-ħidma tagħna li nkabbru l-ekonomija u nżidu l-impjiegi fil-pajjiż.

Edward Zammit Tabona
Imprenditur

Aaron Farrugia huwa wieħed mill assets tal-Partit Laburista għax huwa doer u mimli enerġija fejn ittieħ biċċa xogħol u jagħmilha bl-iktar mod professjonali u dan jagħmlu wieħed mill-iktar kandidati b saħħithom li l-Partit Laburista se jkun qed jippreżenta fl-elezzjoni ġenerali li jmiss.

Alex Muscat
Deputat Kap Tas-Segretarjat tal-Uffiċju tal-Prim Ministru

Aaron is a smart man. He is bright and intelligent, has a keen interest in international affairs and follows up what`s happening in other countries. He has an inquiring mind and that is a very good quality. He listens to people, and fully understands what are the most important issues for them.

Leslie Skipper
Konsulent tal-Prim Ministru

Aaron huwa politiku bieżel, determinat f`dak li jrid, saqajħ mal -art u ottimist. Il-fatt li hu jaspira fiduċja u dejjem viċin in-nies jagħmel lill-Aaron politiku tal-poplu.

Dr Anna Mallia
Avukat u Opinjonista

Il-Partit Laburista irid ikompli jikber -fergħa Ideat. Ħadem fil-livelli kollha tal-Partit. Wasal iż-żmien li l-kontribut ta Aaron jikber għal dak għal pajjiż. Huwa viċin in-nies u jifhem x`hemm bżonn li jsir biex ma nħallu lil ħadd jaqa lura.

Hon. Helena Dalli
Ministru ghad-djalogu socjali. Affarijiet tal-konsumatur u libertajiet civili

Ilni naf lill Aaron għal dawn l-aħħar 11 -il sena meta flimkien konna parti mill-eżekuttiv tal-Forum Żgħażagħ Laburisti. Minn dejjem ammirajt lill Aaron għal perseveranza, impenn u dedikazzjoni illi juri f' dak kollhu illi jagħmel. Bħala President tal-FZL fi żminijiet mhux daqstant faċli Aaron dejjem prova jressaq l-aqwa elementi lejn il-fergħa tagħna filwaqt li dejjem ħadem sabiex jinvolvi u jagħti spazju lill kullħadd. Ċert li jekk jiġi elett Aaron ikun rappreżentant denju tal-Partit fil-Parlament.

Alex Saliba
President - FZL

Aaron mhuwiex politiku tal-bieraħ imma tal-futur. Irid l-aħjar u joffri l-aħjar għan-nies. Sod fi kliemu u fit-twemminu. L-ambizzjonijiet ġenwini tiegħu flimkien mal-ħiliet li jippossedi jiddistingwuh bħala politiku komplet li jagħmel ġieh lill-partit. Kull meta ħdimt miegħu dejjem rajt is-sens ta' umilta' u integrita' u dedikazzjoni biex ikun ta' servizz għall-oħrajn

Manuel Micallef
Preżentatur u Opinjonista

I have known Aaron for a number of years now, both in the political sphere and as a fellow student in the law course. In both roles he has always struck me for his diligence, assiduity and application. Someone you would trust with the realisation of a project, or with getting something done. I therefore wish him the best of luck in this new political endeavor

Luke Dalli
Lawyer

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Min hu Aaron Farrugia?

Dr Aaron Farrugia għandu 37 sena u huwa l-akbar fost żewġ aħwa subien. Huwa miżżewweġ lil Charmaine u għandhom lil Petra, tifla ta’ erba’ snin.

Ħa l-edukazzjoni tiegħu fil-Liceo tal-Ħamrun u l-Junior College. Aktar tard, kompla l-istudji tiegħu fl-Università ta’ Malta;