Around 80,000 people from 37,000 different households will be receiving an additional cost-of-living allowance. The details of the allowance will be revealed during next week’s budget, finance minister Clyde Caruana explained.
Times of Malta was informed that the additional COLA will be granted to the most vulnerable and those who need it the most. Without revealing figures and too many details, Caruana highlighted that the measure is intended to protect Malta’s most vulnerable.
These include groups such as the elderly and those on social benefits. Caruana stated that a balance had to be found to make sure that work continued to pay and that those benefitting from the extra payment are not discouraged from working.
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