Malta to spend €608 million on energy and food subsidies in 2023

Par :| Key words : malta-energy-subsidies
French.china.org.cn| Updated on 17-09-2022

Malta’s Finance Minister, Clyde Caruana, said on Friday that his government planned to spend nearly €608 million on energy and food price subsidies next year, a figure in increase of EUR 135 million compared to this year’s budget.

Although this amount represents 3.6% of the country’s gross domestic product, the government is determined to continue to cushion the rise in energy prices, Caruana added.

Malta’s inflation rate continued to rise to reach 7% in August, 0.2% higher than the previous month, the National Statistics Office (NSO) revealed on Friday.

The highest inflation was recorded in the food and non-alcoholic beverages sector, where the price increase amounted to 11.3%. Prices for housing, water, electricity, gas and other fuels increased by 9.2%.

Compared to the rest of Europe, Malta’s inflation rate of 6.8% in July remained 2.1 percentage points lower as the inflation rate recorded in the euro area rose at 8.9%, according to the NSO.

<!–enpproperty 784248122022-09-17 07:00:21:367Malte-énergie-subventions10027176468ActualitéActualitéhttp://french.china.org.cn/foreign/txt/2022-09/17/content_78424812.htmnullAgence de presse XinhuaLe ministre des Finances de Malte, Clyde Caruana, a fait savoir vendredi que son gouvernement prévoyait de consacrer près de 608 millions d’euros à des subventions sur les prix de l’énergie et de l’alimentation l’année prochaine, un chiffre en augmentation de 135 millions d’euros par rapport au budget de cette année.1/enpproperty–>

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