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THURSDAY 31 MARCH 2022 • ISSUE 149
WWW.BUSINESSTODAY.COM.MT
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'We cannot cushion all
inflation' – Clyde Caruana
€50 million 4.3%
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PAUL COCKS
GOVERNMENT cannot address all
the inflationary impacts resulting
from the Russian invasion of Ukraine,
finance minister Clyde Caruana told
Business Today.
"We have committed ourselves to
intervene in keeping the prices of en-
ergy commodities and certain basic
items stable but we cannot cushion
all inflationary effects," he said.
As to what his priorities will be in
the coming weeks, Caruana said he
would be looking at the ramifications
of the Ukraine war on the Maltese
economy and seeing what was need-
ed in terms of responding to this cri-
sis.
Reconfirmed as
finance minister in
the new Cabinet,
Caruana says Malta's
vibrant economy
promises bigger
returns
Clyde Caruana was confirmed finance minister in Robert Abela's new Cabinet
