Student Stipends to be Increased by €64 Per Year

Oct 30 2023

Students will benefit from an increase of €64 per year on their stipend, Finance Minister Clyde Caruana has revealed during this year’s Budget unveiling.

Stipends will be increasing pro-rata, amounting to €64 per year. The minister went on to state that the government will continue to increase stipends in particular courses to address the need for individuals who are trained in sectors which are crucial for Malta’s economic transition.

Earlier this year, it was announced that students reading for courses in Social Work, Earth Systems, Artificial Intelligence will receive a higher stipend starting this scholastic year. A total of 46 courses will be newly-categorised over a three-year period, benefitting over 4,400 students through an investment of €6.5 million.

Following the previous announcement, a number of student organisations had expressed their disapproval at the stipend increase, calling it continued disrespect for students studying the Arts and Humanities, which they considered to be ‘sidelined’.

This, and more, were revealed by Finance Minister Clyde Caruana as part of this year’s ‘Malta Ġusta’ Budget, a budget which Robert Abela referred to as a ‘holistic plan for a brighter future, improving the welfare of every citizen.’

For more Budget 2024 coverage, visit maltadaily.mt

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Minister Confirms Work On Race Track Will Begin Once Permits Approved

Oct 30 2023

During the reading of Budget 2024, Minister Clyde Caruana confirmed that, once permits are approved, works on the much awaited race track will commence.

The Minister said that the work for our country to have its own race track has continued, which saw not only the planning process carry on but also saw the relocation of certain activities with the aim to make space for the work to commence.

Apart from this, the Minister also announced how the initial works began which will see indoor shooting ranges, as well as the increase in professional coaching and club management.

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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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