• Malta

    Budget 2017: Pensions and pensioners given a boost

    PensionsFor the second consecutive year, the government will be increasing the pension. As from next January, pensioners will receive an increase of €4 each week or €208 each year. This increase will also be subject to the pro-rata. Persons 61 years or older will not be paying income tax on ...

  • Malta

    Budget 2017: COLA at €1.75 per week, concessions for transfer of business

    Cost-of-living AdjustmentThe cost-of-living compensation will be increased by €1.75 each week. This increase will be given to every employee including pensioners and all those who live on social benefits. As for students, the stipends will be increased on a pro-rata basis.Fiscal measuresThe government intends to remove the eco-contribution tax on ...

  • Malta

    Budget 2017: Revenue and expenditure

    RevenueDuring the first eight months of 2016, recurrent revenue increased by €100.2 million and reached a total of €2,322.6 million. The share of government revenue from taxes stood at its highest for the past four years, at 91.2 per cent of total recurrent revenue. Revenue from taxes increased by €200.5 ...

  • Malta

    Editorial: Budget 2017 - Socially minded but ignores middle class

    The way the Budget Speech was written, and read, makes it extremely difficult to assess it holistically. One has to take a step back and try and get an overview to try and assess what are the Budget 2017’s aims and intentions. This is what we will try to do ...

  • USA Malta

    The only one who expected energy tariff reductions was Simon Busuttil - Prime Minister

    Prime Minister Joseph Muscat said this evening that the only person who was expecting and pumpint the idea of a reduction in energy tariffs was Opposition Leader Simon Busuttil.Replying to questions by The Malta Independent during a post-budget press conference this evening, Dr Muscat did not say whether tariffs would ...

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    Budget 2017 reactions: Commendations and regrets

    Reactions to the presentation of the budget have been made by constituted bodies, unions and other organisations.Malta Chamber of Commerce, Enterprise and IndustryThe Malta Chamber of Commerce, Enterprise and Industry noted the underlying priorities of the 2017 Budget Speech, namely, fiscal consolidation, strong economic growth and better living standards for ...

  • Malta

    MPA praises budget measures to address outstanding overtime compensation issues

    MPA praises budget measures to address outstanding overtime compensation issues, wishes more police measures were includedThe Malta Police Association has praised the 2017 budget announcement that injustices from extra overtime hours worked by the police between 1993 and 2009 will be addressed.“It is a fact that the work of the ...

  • USA Malta

    INDEPTH: New power station will be operational three weeks after permit is issued

    Electrogas, the company in charge of setting up the new gas power station, is all set to go as it is only waiting for the necessary permits from the local authorities before it can become fully operational.This was confirmed by engineer Catherine Halpin, Commercial Director at Electrogas Malta who was ...

  • Malta

    Budget 2017: €3.2 million over two years for Gozo fibre optic link

    Environment and AgricultureAdvisory Committee to strengthen enforcement against illegal dumping on public spaces will be set upAn advisory committee to strengthen legislation and enforcement with regard to abusive dumping on public spaces will be set up in 2017.2017 will also see work continue on a number of projects, including the ...

  • Kenya

    Kenya: Ouko team faults law on merger of political parties and wants it reviewed

    A report has criticised the recently enacted law allowing merger of political parties, saying it is against the country's Constitution.