VALLETTA (MALTA) (ITALPRESS/MNA) – The government has set a goal of improving quality of life by 25% during its term while maintaining annual economic growth of 4%, Prime Minister Robert Abela announced.
Speaking ahead of the first meeting with social partners at the Malta Council for Economic and Social Development (MCESD), Abela said the discussions focused on strengthening the economy and raising living standards.
Among the targets presented are reducing public debt from 46% to 40% of GDP by 2030, keeping unemployment at around 3%, and ensuring that two-thirds of wealth is generated by high-value sectors.
The government also plans to place Malta among the eurozone’s top five economies by GDP, increase business adoption of artificial intelligence to 40%, and move the country into the EU’s “strong innovators” category.
Education goals include cutting the school-leaving rate below the EU target of 8.6% and raising the graduate rate above 50%.
Other objectives include increasing renewable energy use to 25%, keeping the social deprivation rate below 4%, reducing the number of social assistance recipients by 10%, and improving Gozo’s connectivity by 25%.
Progress will be measured through a Wellbeing Index covering health, housing, education, income, employment, social protection, civic participation and environmental quality.
Abela said the government would seek to improve maternity, paternity and parental leave while boosting productivity.
He added that continued dialogue with social partners through the MCESD would be essential for implementing Malta Vision 2050 and improving residents’ quality of life.
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(ITALPRESS).
