benefit | The Malta Business Weekly https://maltabusinessweekly.com A New Voice for Business in Malta Tue, 13 Aug 2019 09:00:19 +0000 en-GB hourly 1 https://wordpress.org/?v=5.8 https://maltabusinessweekly.com/wp-content/uploads/2020/04/bw-favicon.svg benefit | The Malta Business Weekly https://maltabusinessweekly.com 32 32 159130352 Malta spends more on social security benefits in 2018 https://maltabusinessweekly.com/malta-spends-more-on-social-security-benefits-in-2018/2366/ Fri, 05 Apr 2019 11:55:19 +0000 https://maltabusinessweekly.com/?p=2366 Expenditure on social security benefits by the Maltese government is up by year-on-year 3% (€28.3m) to €965.2m by the end of 2018.

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]]> 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.

The post Malta spends more on social security benefits in 2018 first appeared on The Malta Business Weekly.

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