Issue link: https://maltatoday.uberflip.com/i/1462499
9 NEWS maltatoday | THURSDAY • 24 MARCH 2022 FGURA GUDJA PAOLA ST. LUCIJA ĦAL TARXIEN 4 MELLIEĦA NAXXAR SAN PAWL IL-BAĦAR 12 Membru Parlamentari u Kandidat għall-Partit Laburista għar-Raba' u t-Tnax-il Distrett . LUKE VELLA THE Nationalist Party has kept its promise and has provided the its financial model to cover the costings of its 2030 vision, with a €5.97 billion spend. The PN has projected it will cover the cost of its 550+ meas- ures through economic growth, which would earn the country €42.6 billion over eight years, whilst creating 32,500 new high- end jobs with an average salary of €43,000. "This is the first time a political party in Malta is not just saying how it will spend taxpayer mon- ey, but is also providing detailed projections of how it intends to grow the economy," the PN said in a statement. PN was quick to publish its manifesto for the 2022 election and made sure to stick it to the Labour Party, for publishing its own a fortnight later. The financial model includes a stimulus programme for the country's existing high val- ue-added sectors and the crea- tion of 10 new economic sectors. The sectors include metaverse, compliance and due diligence, robotics, 3D printing, artificial intelligence, e-sports, video game production, strengthening the sports industry by linking it to medical and tourism sectors, the energy sector and social enter- prises. PN said that by 2030, the ex- isting sectors are projected to have added another 18,160 jobs and contributed an additional €18 billion to the GDP, while the new sectors are projected to have added another 14,355 jobs and contributed €24.6 billion to the Gross Domestic Product (GDP). The PN programme aims at generating an additional real eco- nomic growth of 6.9% over the current projections. By 2027, incremental govern- ment income from the PN's pro- gramme is projected to reach €830 million annually, without increasing any taxes, social con- tributions or VAT. The document also lists the €2.8 billion costing of the Trackless Tram system, part of which will be covered in the infrastructural budget set out in the €5.97 bil- lion, while the rest will be raised through EU funds and private fi- nancing. Promise kept: PN costs its manifesto proposals at €6 billion PN says projected economic growth would leave €42.6 billion over eight years in Malta's economy, whilst creating 32,500 new high-end jobs