MaltaToday | 13 August 2008

Front page.
NEWS | Wednesday, 13 August 2008

Government ministers not agreeing over surcharge – Labour

Shadow finance minister Charles Mangion has charged two government ministers with being in disagreement with each other over the reason why government retained its 50% surcharge between January and June of this year.
Mangion is claiming that in a statement issued by IT, Transport and Communications minister Austin Gatt back in November 2007, the minister had said that Enemalta was in a position to guarantee that the surcharge stays at 50% until June 2008 due to oil hedging agreements.
Mangion said that Gatt had stated the decision to retain the surcharge at 50% was not meant as a vote-grabber, but was the result of wise planning.
“Despite this statement, what finance minister Tonio Fenech said in the last few days gives a totally different picture,” Mangion said.
The Labour MP said that while Gatt was trying to give the impression that the surcharge would stay constant at 50% until June 2008 due to the hedging agreements, today Tonio Fenech is saying the surcharge has stayed constant due to the increase in the subsidy government pays to Enemalta.
According to a 4 August, 2008 statement, Fenech said that the government had passed on €37 million in subsidies to Enemalta to keep the surcharge from increasing beyond the 50% mark for the first six months of the year.
“If the hedging agreement so vaunted by Minister Gatt and the budget estimates prepared by Minister Fenech are in agreement, there would have been no reason to give €37 million in subsidies to Enemalta,” Mangion said.
“It is clear that the Nationalist government is caught up in an inconsistency between what one minister and the other said, now that the election has passed. These statements raise a lot of questions on the hedging agreement so vaunted by Minister Gatt in November, and whether this was as successful, while raising doubts on the professionalism of the budget estimates for 2008.”

Any comments?
If you wish your comments to be published in our Letters pages please click button below.
Please write a contact number and a postal address where you may be contacted.




MaltaToday News
13 August 2008

Message in a bottle-ban

Saviour Balzan
The inquiry by Magistrate Tonio Vella has concluded that the late Nicky Azzopardi jumped off the bastions of the CID headquarters, and was not beaten up by police.

‘The leader is supreme,’ says Micallef

Failed escapee allegedly beaten in prison

GWU to hold meeting on shipyards today

Labour MP bound and beaten up in burglary

Seventh “smart” robbery from communications’ company

Boy, 14, dies in Ghadira swimming incident

Organic farming on the decline

Lion’s share of AFM direct orders to two companies

Man falls off washroom, in danger of dying

Tourism authority discloses Sheffield sponsorhip deal

Dealer caught red-handed

Bupa Malta hit back at private hospital, criticising higher fees

Uphold breast-screening pledge, AD tells government

Migrants’ dinghy takes in water

Contraband seized from Paceville

St Luke’s maintenance workers doing ‘filing’ inside Mater Dei

A right royal fuss – hunters complain to Her Majesty

Slight increase in traffic accidents

When the love is gone

Government ministers not agreeing over surcharge – Labour

Man, 29, denies rape

Copyright © MediaToday Co. Ltd, Vjal ir-Rihan, San Gwann SGN 9016, Malta, Europe
Managing editor Saviour Balzan | Tel. ++356 21382741 | Fax: ++356 21385075 | Email