The main highlights of tonights Budget 2010
|Email item||Print item||
Update: Some of the main highlights that have been announced in tonights Budget 2009 are as follows:
The area of land Zwieqa at Mgarr will become a seashore promenade with €1.3m invested in it.
The Cittadella master plan will continue.
€1.3m will be invested in the rehabilitation of the Villa Rundle Gardens.
€3.3m to be invested in the Gozo General Hospital, which will enable the purchase of new equipment, the carrying out of refurbishment works, a Radiology Unit to be established and the purchase of 2 ambulances.
A Waste Transfer Station will be constructed for waste recycling, and valleys will be rehabilitated.
The Mgarr Road is to be improved and money invested in a new bus terminus in Victoria.
Cost of living increase will be €5.82 per week.
The €16.31 levy on credit cards to cease and the licences for boats to be reduced.
The duty on cigarettes will rise by 15 cents.
The tax credit is to rise to 60% for Gozitan firms.
The government is expecting a GDP growth of 1.0% in 2010.
The government deficit for this year is predicted to be €217.6 million, or 3.79 per cent of the GDP.
A sum of more that €16 million is to be invested in the Xewkija, Kordin, Bulebel, Mosta and Hal-Far industrial areas. A partnership with the private sector will enable two micro-enterprise parks in Xewkija and Mellieha to be set up.
There will be an increase in budget for the Malta Tourism Authority.
VAT on restaurants remains the same.
There will be financial childcare incentives to all mothers who are undergoing training programmes, along with the intention of opening more SmartKids centres.
€3.3m to be allocated to the ETC for new ideas on how to encourage people back to work.
In order to encourage more families to foster children, the benefit is to be increased from €40 a week to €70 a week.
The Child-in-Care Benefit is to be paid until they are 21 years of age rather than 18, provided the child is not working.
There will be an allocation of funds to reduce hospital waiting lists.
Investment in smart electricity meters.