As an election seems to be looming, political parties are in the mode of sharing their vision and recommendations for the upcoming legislature. Malta, holding a solid economic record and an encouraging recovery following the events of the COVID-19 pandemic, there are challenges going forward.
In order to ensure the sustainability of the country, existing problems and challenges need to be addressed and have to be on the agenda of our political parties. In this article, we shall be discussing some of the agenda items and what political parties should bring to the table for the upcoming legislature.
Attack the grey listing issue head on
Malta’s grey listing has sparked several concerns and both main parties should focus on a quick exit. This will be achieved by the tightening of regulatory frameworks and improved enforcement to combat money laundering and the financing of terrorism. With foreign direct investment pertaining to financial services deemed to be impacted, the country cannot afford to extend its time within the grey list. On a more tangible level, it is being stated that applications for company incorporations in Malta are reducing and banking services are becoming less accommodating and more restricted.
A long-term plan for infrastructure
The infrastructure issue needs to be given high priority. As we progress, our roads are becoming busier with more traffic jams, impacting productivity. At this rate, the situation can only get worse with parking being a constant nightmare in most locations in Malta. Investments in parking spaces and alternative modes of transport need to be considered if we are to have this problem tackled in an effective manner.
Following the COVID-19 pandemic, the cost of living has increased significantly and this phenomenon is becoming noticed by many. Whilst a gradual increase in the cost of living is a normality that most are accustomed to, inflation in such a short timeframe can have adverse effects, especially if many people cannot keep up. In a scenario where inflation is not controlled, families with below average incomes can be burdened with a reduced quality of living.
It is a common perception that over the past years, little regard was given to the environment. The environment is essential to improve air quality and create a more aesthetically pleasing country. In view of the rampant development taking place over the years, it is believed that little was done to sustain the environment and with the problem of climate change constantly growing, political parties have very little choice but to treat this matter with importance.
What else do you think should be on the agenda for the upcoming legislature? Let us know your views in the comments section below.