The 2023 budget strengthens the welfare state with 60% of the measures listed in the speech could be considered “socialist”. However, this form of social protection will have challenges in the future such as ageing population which will require a rethink of the system. In the post-Muscat era, the Labour Party is actively trying to...
Amid the economic turmoil and geopolitical tensions across Europe, Finance Minister Caruana unveiled the government’s budget for 2023. Broadly speaking, the budget is similar to recent ones presented by the Labour government. A common narrative of new taxes and an increase in a number of benefits to curb the effects of looming crises, as well...
As the smoke of the pandemic slowly clears and hospitalisation rates fall, Malta still faces a number of challenges, as minister Clyde Caruana looks to present his first budget as the country’s top dog in financial and economic matters. The pre-budget document suggests that the government will focus on living standards and economic growth whilst addressing environmental issues.