Lawrence Zammit

misco Director and acclaimed Economist Lawrence Zammit notes how this year’s budget proves that “single budget measures will not help businesses to grow. The general environment does.”

As reactions to this year’s budget continue to flow in, MaltaCEOs.mt spoke to Mr Zammit to gather his insight in this regard.

“In the 2023 Budget, Government sought to mitigate the impact of inflation on those segments of society which are most vulnerable,” Mr Zammit noted whilst adding that in his opinion “this was the right thing to do.”

“However, it is also evident that Government does not have unlimited resources, and so it did not have the flexibility it wished to have,” the Director affirmed.

Speaking of the impact that this year’s budget is going to have on his organisation, the misco Director stated that “a great deal depends on the national and international macro-economic environment.”

“It is not single budget measures that help businesses to grow, but the general environment,” he confirmed adding that one must keep in mind “that our economy is a very open economy, and as such Malta’s reputation is paramount.”

Featured Image:

Lawrence Zammit / LinkedIn

Related

STEVE ELLUL

A work-life balance isn’t a ‘luxury’, but a ‘necessity’, says The Growth Bully CEO Stephen Ellul

22 September 2023
by Fabrizio Tabone

Having been sick three times in the past two months, he had to rely on the company’s team to step ...

Sustainability challenges can appear ‘insurmountable’ without collaboration – MIA CEO Alan Borg

22 September 2023
by Fabrizio Tabone

During 2022, the amount of clean energy generated by the airport increased by 53.2% from the previous year to a ...

Anton Borg and Kristina Christie resign from Impresa Ltd Executive Directorship roles

22 September 2023
by Fabrizio Tabone

Matthew Borg also resigned from his position as Non-Executive Director of the company.

Regulatory approval granted for appointment of Non-Exec Director at FIMBank plc

21 September 2023
by Helena Grech

With over 30 years of experience, Sunny Bhatia holds and has held several senior positions in the finance sector.

Close Bitnami banner
Bitnami