VALLETTA (MALTA) (ITALPRESS/MNA) – Prime Minister Robert Abela said Malta is outperforming European counterparts on key economic indicators, as he announced that 82% of the “Malta Flimkien” (Malta Together) manifesto pledges have been fulfilled.
Addressing a press conference, Abela highlighted that Malta has not raised electricity, fuel or gas prices in the past four years, describing it as a unique position within Europe. He said the government invested close to €1 billion to maintain price stability.
Abela added that Malta’s per capita income now exceeds the eurozone average, placing the country among the European Union’s top ten economies. He also noted that the International Monetary Fund has backed Malta’s economic trajectory, supporting a move to biennial monitoring.
The government has channelled over €6 billion into social spending since 2022, including higher child allowances, tax cuts and reforms in family law and IVF legislation. Agreements were also reached with workers in healthcare, education, law enforcement and other sectors.
On pensions, Abela said the lowest pension today surpasses the highest levels recorded before 2013, with some pensioners now earning more than they previously did.
Looking ahead, he outlined the Malta 2050 vision, aimed at raising human development standards and aligning family incomes with the European average.
He also referenced the latest €9.3 billion national budget, the largest in Malta’s history, which allocates €100 million for artificial intelligence and digitalisation and €40 million to support businesses in improving wages, skills and operations.
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(ITALPRESS).
