The Nationalist Party has called out the Labour Government for failing to include Budget 2022 measures on how to get Malta off the Financial Action Task Force’s grey list.
Speaking at a press conference on Tuesday afternoon, Opposition spokesperson for the economy, Kristy Debono, said:
“The Government continues to ignore the elephant in the room, that today we find ourselves on the FATF grey list, and that this has had a significantly damaging impact on our economic development and future”.
She added that instead, the Finance Minister chose to give the public a lecture on the economy, and “failed to provide any proposals or plans on how we are to develop our economic future and re-build our reputation”.
Dr Debono was joined by PN candidates Jerome Caruana Cilia and Noel Muscat.
On Monday evening, after Minister Caruana’s Budget speech, Prime Minister Robert Abela said that Government was already working on its action plan on removing Malta from increased monitoring, or the so-called grey list.
Asked about how the PN would address the issue, Dr Debono said a Nationalist Party Government would strive to address impunity and the country’s ailing reputation “from day one”.
She added that a PN Government would set to work “immediately” on ensuring those responsible for placing Malta on the grey list would be addressed.
PN Leader Bernard Grech has said that his Government would manage to get Malta off the grey list within 90 days of being elected.
More than half of Malta’s youths interested in starting their own business
Access to funding and support with legal and tax requirements could boost entrepreneurship among Malta's youths
January 2023 surpasses pre-COVID figures for nights spent in Malta by tourists
For the first time, tourists spent over a million nights in Malta in January
The Single Market at 30 – tackling the EU’s long-term competitiveness
The European Single Market accounts for 15% of global GDP