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MIDWEEK EDITION
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TUESDAY • 31 OCTOBER 2023 • ISSUE 867 • SPECIAL EDITION FOR BUDGET 2024
PHOTOGRAPHY
BY
JAMES
BIANCHI
/
MALTATODAY
SPECIAL
EDITION
A social budget…
only for some
• • €350 €350 million in million in
energy subsidies energy subsidies
• • €250 €250 per child per child
increase in increase in
children's allowance children's allowance
• • €15 €15 per week per week
increase in pensions increase in pensions
• • €12.81 €12.81 per week per week
COLA COLA
In a budget in which €350 million are
earmarked for energy, fuel and wheat
subsidies, Finance Minister Clyde
Caruana had no more room for new
measures or tax cuts that would benefit
middle-income earners.
The budget tried to mitigate the impact
of inflation on spending power through
increases in pensions and existing
welfare benefits in line with cost-of-
living adjustments, and a hefty increase
in the children's allowance.
