Tag: Budget 2025
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Budget 2025: Nationalist Party and Labour Government spar over Malta’s future in Budget debate
On Monday, Opposition Leader Bernard Grech outlined the Nationalist Party’s (PN) vision for Malta, promising a “government of quality” focused on the realities and needs of the Maltese and Gozitan people. • Grech emphasised transparency, strengthening state institutions, and preventing poverty, with a future-focused approach to job creation and education. • PN proposes a government…
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Budget 2025: Robert Abela says Government prioritises quality over quantity with major Tax Cuts, Social Benefits, and Economic Strategies
In response to key questions from the Maltese and Gozitan public, addressing a press conference immediately after the Budget speech, Prime Minister Robert Abela said the Maltese government has set forth its vision in the 2024 budget with a strategic focus on “quality over quantity.” The government addressed concerns on the future of the economy,…
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Budget 2025 Reactions: Malta Chamber criticises Budget 2025 as a missed opportunity for quality and sustainable growth
The Malta Chamber of Commerce, Enterprise, and Industry expressed disappointment with Budget 2025, highlighting its lack of substantive measures to promote sustainable growth, productivity, and long-term economic development. While acknowledging the government’s recognition of the need to prioritize quality over quantity, the Chamber criticised the budget as insufficient in addressing critical issues affecting Malta’s economic…
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Budget 2025 Reactions: Gozo Business Chamber calls for strategic investment and recognition of Gozo’s role in national growth
The Gozo Business Chamber has voiced its response to Malta’s Budget 2025, emphasizing both positive initiatives and key areas for development to support Gozo’s unique economic, social, and environmental needs. • Strategic Migration Policy: The Chamber welcomed the introduction of a skills-based migration policy, advocating for a structure that fosters high-value sectors in Gozo. It…
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Budget 2025 Reactions: ADPD criticises Government for increasing public debt without justification
ADPD remarked that the slogan for Budget 2025, “Pajjiż ta’ Kwalità ” has been met with skepticism as Prime Minister Robert Abela’s government continues to increase public debt without clear justification. ADPD argued that the administration is opening doors for sectors that offer low-paying jobs and exploit workers. Notably, the largest job growth has been in…
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Budget 2025 Reactions: Opposition criticises Budget 2025 as short-sighted, alleges Government failure to address Malta’s core issues
Opposition Leader Reacts to Budget 2025, Calling it “An Attempt to Save Face” Following the presentation of the Budget 2025, Nationalist Party leader Bernard Grech voiced sharp criticisms, labelling the government’s proposal as “an attempt by Prime Minister Robert Abela to save face.” Grech argued that, after 13 budgets from the Labour government, Budget 2025…
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Budget 2025 Reactions: SME Chamber criticizes Budget 2025 for lack of business focus, calls for urgent tax reform and infrastructure improvements
Following the release of Budget 2025, the Malta Chamber of SMEs voiced disappointment, describing it as a “Budget of continuity” that largely overlooks critical needs of the business sector. While it welcomed the extension of energy subsidies essential for business sustainability and applauded the new work-life balance measures for the self-employed, the Chamber expressed frustration…
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Budget 2025 Reactions: Pensions, Tourism, and Education in Focus
The Forum Unions Maltin, Malta’s trade union confederation, voiced concerns over Budget 2025’s new pension requirements for workers born in 1976 and later. Finance Minister Clyde Caruana, in his Monday budget presentation, announced that this cohort will now need to complete 42 years of social security contributions–up from 41–to qualify for a full pension. Previously,…
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Budget 2025 – Reactions: Pre-1962 pensioners face major setbacks – Arnold Cassola
As Malta unveils its Budget for 2025, questions arise about whether expanded tax bands and minor social benefits can offset the relentless rise in the cost of living. Arnold Cassola has raised serious concerns, particularly for vulnerable groups, about the budget’s effectiveness in meeting essential needs. The government’s decision to widen tax bands will grant…
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Budget 2025: Increased Benefits for People with Disabilities, Caregivers and the Elderly
Individuals with disabilities who retire and switch to a contributory pension will receive additional funds to compensate for the loss of disability benefits. This adjustment, which aims to align with at least the National Minimum Wage, will add at least 10% of the previous disability benefit to the retiree’s pension. In addition, financial assistance for…
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Budget 2025: Increases in Children’s Allowance, Marriage and Birth grants
The Children’s Allowance supplement will increase by an additional €250 per child, regardless of the family’s income. Government will also introduce another measure to allow families to qualify for improved child allowance rates. In the calculation of the allowance rate, both the amount of social security contributions paid from the parents’ income and the amount…
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Budget 2025: COLA, Weekly Increases, Pensions & Additional Support for Widows
Starting next year, pensions will increase by €8 per week, which includes the Cost of Living Allowance (COLA) of €5.24 per week. This means that the direct rise in pensions, excluding COLA, amounts to just under €3 per week. In addition to the general pension increase, widows will receive an extra €3 per week, bringing…
