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ARTICLE · 06 NOVEMBER 2023

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Malta Budget 2024 – Highlights

Camilleri Preziosi
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The Budget for the 2024 legislature was presented to the Maltese Parliament on the 30th of October 2023, against a backdrop of momentous global economic influences...

MaltaTax
Donald Vella
Donald Vella
Kirsten Debono Huskinson
Kirsten Debono Huskinson
Gabriella Chircop
Gabriella Chircop
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Overview

The Budget for the 2024 legislature was presented to the Maltese Parliament on the 30th of October 2023, against a backdrop of momentous global economic influences, including the upheaval being caused by the Russia-Ukraine war, the recessions being experienced by a number of European states, as well as the unprecedentedly high inflation rates.

Despite the Malta's high inflation rate, various measures are also being implemented to counteract the effects of the rising cost of living particularly felt by those who are most vulnerable, such as pensioners and low-income families. This is evidenced through the minimum wage raise, increases in pensions and children's allowance.

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