The Government of Malta will present the 2025 Budget in Parliament on Monday, 28th October 2024. This announcement was made by Prime Minister Robert Abela during his visit to New York, where he attended commitments related to the 79th session of the United Nations General Assembly. Abela confirmed that the Minister for Finance would deliver the Budget speech at the end of the upcoming month.
The Prime Minister emphasised that the 2025 Budget will continue to implement the government’s “Malta Together” agenda, which aims to support families and businesses while addressing new priorities. Abela stated that the fiscal incentives will be aligned with five key priorities aimed at steering Malta’s economy in a productive direction. The Budget will be socially strong, focusing on benefiting the middle class through income tax reductions.
He highlighted the principle of improving quality of life as the foundation of the upcoming Budget. The government intends not only to provide financial incentives and subsidies but also to ensure that the resulting benefits are enjoyed by the people in peace and stability.
Abela also stressed the importance of ongoing consultations with social partners, noting that this dialogue is essential for shaping the Budget’s direction. Despite international challenges, Malta’s economy remains strong and resilient, with experts forecasting higher economic growth than expected in recent months.
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