(source: Unsplash/Sara Cardoso)
Expenditure on social security benefits by the Maltese government was up by year-on-year 3% (€28.3m) to €965.2m by the end of 2018, according to the latest figures published by the National Statistical Office (NSO).
Contributory benefits rose by 3.9% (€29.3m) to €778.9m, while non-contributory benefit outlay dropped by 0.5% (€0.9m) to €186.3m.
“In 2018, the largest cohort of contributory beneficiaries was reported under the two-thirds pension (48,987), which coincidentally also recorded the biggest rise in beneficiaries with 645 more recipients than in 2017,” the NSO report says. Retirement pension, however, saw the highest drop in beneficiaries with 763 fewer people receiving such than a year earlier.
The full report including charts and visual representation of data is available for download at the website of NSO.
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