Malta is amongst the first tranche of countries to be allocated
funds, amounting to EUR 243.6 million in loans given by the
European Union, as part of the Council's implementing decision
on the European instrument for temporary Support to mitigate
Unemployment Risks in an Emergency (SURE).
The Government is supporting employment and enterprises during
the pandemic through various schemes and SURE is meant to assist in
this alleviate the pressure placed on public finances that emerged
from the increase in public expenditure required as a response to
the COVID-19 crisis.
SURE is an instrument that provides financial assistance to
European Member states of up to EUR 100 billion in the form of
loans from the EU. It has been created to fight the negative
economic and social consequences of the COVID-19 outbreak. It is a
source of financial assistance targeted specifically for policies
related to the preservation of employment, mainly short-time work
schemes and related
