New hospital for mental health assistance revealed during Budget

Oct 24 2022

Finance Minister Clyde Caruana highlighted during the Budget for 2023 that a new therapeutic centre will be opened for those who suffer from a double mental health diagnosis and addictive personalities.

A new recovery and well-being academy will be launched to give carers, professionals and other workers in the field the skills to work in the sector with expertise needed.

In the coming years, a new hospital centred around psychiatry aid next to Mater Dei Hospital will be built to complement the service given at Mount Carmel Hospital. This will be done using European funds, the Minister revealed.

The Mental Health Services (MHS) will promote a politics of promotion, prevention and support and will take a macro level to educate people on the complexities of mental health on the workplace.

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€10,000 grant scheme for first-time buyers extended

Oct 24 2022

During Malta’s Budget 2023 event, it was announced that the government will extend the €10,000 grant for first-time buyers.

The government will provide a grant of €10,000 to all first-time buyers purchasing a property which value does not exceed €500,000.

This measure will apply for all acquisitions from January 1st 2022 onwards and will not be subject to real-estate testing, with the government working with all commercial banks in Malta and Gozo which offer loans for residential properties.

Finance Minister Clyde Caruana expressed that such an initiative will breathe new life into Maltese youths and allow them to become home owners, with a push during their first years of investments.

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Malta’s students to receive stipend increase on pro-rata basis

Oct 24 2022

Malta’s students are set to receive an increase in stipend on a pro-rata basis, the Budget 2023 document has revealed.

In the country’s budget for 2023, which is centred around the slogan ‘Certainty and Stability‘, it was revealed that Malta’s COLA (Cost of Living Adjustment) will rise by €9.90, with pensioners to receive an increase of €12.50.

Meanwhile, Malta’s students will see an increase in their stipend on a pro-rata basis. In layman’s terms, this means that whatever is allocated will be distributed in equal proportions.

Minister for Finance Clyde Caruana is currently presenting Malta’s budget for 2023, with 122 pages of proposals and socio-economic measures.

What do you think of this decision?

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Long live Air Malta? Malta will continue having its own national airline

Malta to get its own airline and increase amount of flights

Oct 24 2022

Speaking during the Budget 2023, Finance Minister Clyde Caruana hinted at more flights and airlines operating to and from Malta.

The Minister highlighted how in these past two years, Air Malta faced a massive challenge and previous governmental decisions left the airline in a position which could not be efficient.

Were the situation to remain as is, the financial pressures could have become completely unviable. The Minister revealed that Malta has began works with the European Commission to find a better solution.

However, a country such as Malta must have it’s own airline no matter the situation.

The Minister said that whatever next step may be, the plan must be that Malta will retain it’s own airline which can access any other place in Europe and be cost-effective at the same time. Whether this will remain Air Malta or not will be revealed later on.

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