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THURSDAY 25 APRIL 2019 • ISSUE 5
WWW.BUSINESSTODAY.COM.MT
Edward Scicluna says
lower growth forecast
is a prudent approach
PAGE 3
Cash is king
Cash continues to lead
way for payments of
all goods and services,
a 2018 survey by the
Central Bank of Malta
has found, but younger
people are more open
to alternatives
MASSIMO COSTA
UNDER pressure infrastructure
must be given time to change as
it catches up with the demands
of unprecedented growth, Ed-
ward Scicluna said.
e Finance Minister insisted
that the pressure on infrastruc-
ture will ease off as it devel-
ops but will not be completely
avoided.
Scicluna was speaking to Busi-
ness Today in the wake of com-
ments he made at the Labour
Party's general conference yes-
terday morning.
e Finance Minister ad-
mitted during the conference
that the rapid expansion of
the economy at unprecedent-
ed levels had created pressure
on the infrastructure. It also
caused problems because peo-
ple were not expecting it.
"Once the infrastructure is al-
lowed to grow with the rate of
economic growth, much of the
pressures are reduced, though
not completely avoided," he told
BusinessToday.
Economic growth is forecast to
reach 6% this year but govern-
ment is projecting a deceleration
to 5.7% in 2020.
PAGE 2
Sciculuna: The rapid
expansion of the economy
at unprecedented levels
created pressure on the
infrastructure
