The Authority also submitted its proposals for the upcoming budget
The Gozo Regional Development Authority (GRDA), in collaboration with Oxford Economics,
launched a macro-economic model of the Gozitan economy. Through this model, the GRDA
will be able to produce forecast of important variables such as employment and tourism
growth in Gozo. The GRDA will also be in a position to model regional policies and assess how
they will impact Gozo, thus putting the Authority in a strong position to formulate robust and
evidence-based decisions proposals.
During this first Regional Economics Conference, Oxford Economics presented an overview
of the models while Mr. Mario Borġ, CEO of the GRDA, presented the salient results as well as
some proposals for the next budget which include:
- Realignment of the reduced stamp duty on residential property with Gozo’s socioeconomic and environmental needs,
- Ringfencing of revenue from the tourism eco-contribution to Gozo,
- The compilation of regional input-output tables for Gozo which would allow policy and decision-makers as well as researchers to form a more comprehensive view of Gozo’s distinctive characteristics.