Workers to be granted additional day of leave
Increase in compensation of living and stipends
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.
President Vella signs budget document
During the traditional ceremony, which was also attended by Parliament’s Speaker Anelu Farrugia, President Vella signed the budget documents.
Prime Minister Robert Abela disclosed this morning that the budget would be called ‘Maltin b’Sa’itna’ l Quddiem. This is Prime Minister Abela’s first budget and Finance Minister Edward Scicluna’s eighth.
The Budget speech will be transmitted at 6.30pm on TVM
Second Round of vouchers rumoured for today’s budget
Inside sources have reported that a second round of government vouchers is likely to be announced during today’s budget.
Following Prime Minister Robert Abela’s meeting with the Malta Hotels and Restaurants Association regarding a second round of vouchers and a heavier focus on the retail sector, it is highly likely that the latter may come into fruition.