Parents To Get €500 For First Child & €1000 For Every Other Child

Oct 30 2023

In a recent announcement, the government has decided to provide a significant increase in the child bonus starting from next year, demonstrating its commitment to supporting families and encouraging population growth.

Starting with the first child, families will now receive €500 instead of the previous €400, and the bonus will increase to a substantial €1,000 for second or subsequent births in the family instead of the previous €400. This generous bonus is available for both natural and adoptive parents.

This bonus was initially introduced in 2020 to offer a helping hand to parents during the early years of their child’s life. Now, for the second time, the government is taking steps to enhance this support.

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Malta’s Finance Minister Vows To Increase Educator’s Wages

Oct 30 2023

During the unveiling of Budget 2024, Malta’s Finance Minister, Clyde Caruana, underscored the pivotal role that educators play in fostering a strong and prosperous community. Caruana’s comments come in the wake of successful wage improvement agreements with the country’s nurses and police unions, and they offer a promising outlook for the educational sector in the near future.

Caruana acknowledged the essential contributions of educators to society and the integral part they play in shaping the future of the nation. He emphasised that the Maltese government is committed to enhancing the working conditions and compensation of educators, just as they have done with other public sector professionals.

The Finance Minister made it clear that the government is steadfast in its commitment to seek mutually beneficial agreements with educators in the coming months. The focus will be on not only improving the wages and benefits of educators but also ensuring the sustainability of these enhancements for the long-term welfare of the country.

Caruana’s statement reflects the government’s dedication to striking a balance between addressing the needs of its workforce and safeguarding the nation’s fiscal responsibility. It demonstrates their belief that a just and prosperous country can only be achieved when the interests of both the employees and the state are aligned.

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Another Round of Tax Refund Cheques in 2024

Two More Rounds of Tax Refund Cheques in 2024

Oct 30 2023

In 2024, members of the Maltese public will benefit from another round of Tax Refund checks, Finance Minister Clyde Caruana has revealed.

Under the title ‘Rewarding Those Who Are Diligent’, Minister Caruana stated that this Budget will continue building on the ones before and, as such, the Tax Refund scheme will be renewed, with cheques varying between €60 and €140, with the highest sums being given to those with the lowest wages.

Caruana reiterated that these cheques will not be already-paid taxes but a grant which rewards workers’ participation.

It was highlighted that over 250,000 individuals will benefit from the Tax Refunds, as part of a €26 million investment.

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Children’s Allowance To Increase By €250 For Every Child

Oct 30 2023

During the unveiling of Budget 2024, Finance Minister Clyde Caruana revealed that children’s allowance will increase by €250 for every new child as well as those already born.

With around 6,200 children and 41,000 families, this will amount to an approximate €15.5 million spend.

The Minister followed this by revealing that parents who go over the age required to receive a children’s allowance, the parents will also be eligible for a special allowance when they continue a full time education.

The allowance will be one of €500 per year for three years as long as the children continue to live with them at home and study full time.

This benefit will be given to parents who began their first post-secondary year starting this year. It will be paid at the end of the scholastic year.

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