This statement of Nationalist MP has created some confusion, because for a moment confuses what exa

The former Finance Minister Tonio Fenech said that the government should reduce the tax to compensate for the small amount of COLA that has been this year. He also said that if not done so, the discounts arc lamp light and water has become useless because it comes cikkubriku.
This statement of Nationalist MP has created some confusion, because for a moment confuses what exactly COLA talking Fenech; whether on popular drink, or about the mechanism to grant compensation for the cost of living.
As a former Minister of Finance, Fenech you know well that this year the COLA, namely the increase to the cost of living, and not drink, worked upon precisely the same mechanism which has worked within Nationalist administration.
The increase arc lamp to the cost of living, explains such good name, given how high in proportion to life. Ìaladarba the high life at least, the increase for the cost of living will also be at least, and therefore there can be no other compensation in connection with this system.
During the last days we have seen more than once to try Nationalist arc lamp MP Fenech arc lamp stirrer mechanisms and official statistics to take political gain; the first report by Moody's, then by the addition to the cost of living.
On the report of Moody's, Fenech said that the report draws attention to the excessive debt of the country. On the other hand, on the increase for cost of living, Fenech arc lamp said that the government should reduce the tax to compensate for low COLA this year.
On this we asked the response of the Ministry of Finance, which confirmed that the Opposition is trying to mislead the Government's fiscal plan to address the deficit and debt, citing official statistics out of context by amateur way to the end.
"The Ministry wishes to draw attention to the fact that the figures of the deficit and debt are quoting the Leader of the Opposition refer to the figures that have been revised due to a revision of statistics arc lamp that occurred due to ESA2010 , which is a set of new statistical arc lamp guidelines and entered into force across Europe, "said a spokesman for the Ministry.
It also appears that the Opposition is trying to eclipse that Malta is currently in proceedings of excessive deficit, which is the way the Commission censoring those member states lose control over public finances. This is due to how, despite the accusations of the Opposition, Nationalist Government had spent blindly and then break the financial situation of the country.
It is known fact that when the government debt growing deficit arc lamp register, as the deficit is the annual arc lamp loss to the government to borrow to offset. The greater the deficit, with increasing debt that is due.
Debt also growing through those called stock-flow Adjustments, including financial transfers (loans and grants), arc lamp which are commitments that the Maltese Government has made to the European Union for the purposes of bail-outs some other countries.
The only devices that should the government to stabilize the debt, as well as to reduce, is to reduce the deficit of the country consistently year after year. "This is what the Government is making it very successfully," said a spokesman for the Ministry of Finance. "In its first year the government managed to reduce the deficit by one percentage point, from 3.7% in 2012 to 2.7% in 2013."
As an example, while in 2012 the Nationalist government managed to borrow 81 million more than the previous year, the Labour Government in 2013 managed to borrow 61 million less. This information is clear from the statistics that the Opposition is quoting arc lamp it.
"The Government is committed to build on these successes by listing the deficit by the end of the year to 2.1%, and to 1.6% in the following year. Only then can the country see debt controlled, "concluded the Ministry of Finance.
Fenech said that the government should have depressive taxes to make up for low COLA granted. This when Fenech know well that in itself is already COLA compensation for cost of living, and if it was only 58 cents, so why the high life only 0.3%.
In its response, the Government said it ironic that the same Tonio Fenech and the Opposition Nationalist being constantly arc lamp attacking in the most unbridled the COLA mechanism, when they are established this mechanism when they were in the government.
Neither the Government, nor any of the previous Government, can not take the credit for the increase of the COLA. This is because the COLA calculated on the basis of an automatic mechanism which is set by law and in accordance with the social partners to form MCESD.
The Government arc lamp said that the Opposition is trying to give the impression that the COLA be decided by the Government, when well aware that the mechanism of the COLA is based on the inflation rate of the twelve months before, in the COLA rises as rising arc lamp inflation.
In fact statistics show that, in