One of the first measures to have been announced in today’s budget is the increase in compensation for the cost of living.
The increase in compensation will be of €1.75 and is calculated according to a formula established by the Malta Council for Economic and Social Development (MCESD).
This increase will be given to all workers, pensioners and those with social benefits. Student stipends will be increased on a pro-rata basis.
This post is brought to you in collaboration with PwC Malta.