
Prime Minister Robert Abela has revealed that pensions will once again be increased in the upcoming annual national budget.
Speaking during brief visits to Paola, Qormi, and Rabat, Abela said the pension rise was made possible thanks to Malta’s strong financial performance and the government’s efforts to manage the economy responsibly.
Abela highlighted that Malta had successfully reduced its deficit beyond expectations, avoiding tax hikes unlike many other EU countries.
Earlier this week, Finance Minister Clyde Caruana confirmed that Malta will exit the EU’s Excessive Deficit Procedure two years ahead of schedule, attributing this achievement to responsible fiscal management and good governance.
The Prime Minister underlined the Labour government’s commitment to strengthening social measures without resorting to austerity, mentioning recent initiatives like free school and public transport.
He said the government’s focus remains on supporting families, particularly pensioners, through targeted social investment.
Abela also pointed to praise from the International Monetary Fund for Malta’s economic resilience, particularly during the COVID-19 pandemic.
Concluding his remarks, he invited the public to join the Labour Party’s event in Valletta on 1 May, where the government’s continued support for pensioners and vulnerable groups will again be a central theme.
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