Government To Invest €5,000 In Every Child Over Time For Future Courses, Training & Skill Development

Thousands of supporters filled the streets in a sea of red as the Labour Party marked Workers’ Day with a mass rally, the second major event since Prime Minister Robert Abela announced that the general election will be held on 30 May.

Addressing the crowd, Abela unveiled Individual Learning Accounts, a new initiative aimed at investing directly in people’s education and skills. Under the scheme, the Government will open a dedicated fund for every child in Malta, contributing €500 each year over a period of ten years.

The funds will accumulate to a maximum of €5,000 and will be used to cover the cost of educational courses, accredited training and upskilling opportunities.

The accounts will become accessible once individuals complete their initial educational pathway, allowing them to further develop their skills later in life.

In practical terms, the scheme means that from a young age the Government will be setting aside money for future learning.

After completing school or further studies, individuals will have access to funds that can be used to improve their qualifications, specialise in a chosen field or explore new career paths.

For example, graduates pursuing specialised courses, as well as students finishing at institutions such as MCAST, will be able to use these funds to continue their training.

This year’s celebration also marked 100 years since the Labour Party first commemorated Workers’ Day in Malta, adding historical significance to the event.

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