Workers and students will be receiving cheques worth €100, with pensioners and people on social benefits getting up to €200 as part of a cash injection to the economy, Prime Minister Robert Abela said on Thursday.
This is over and above the tax refunds which the government announced today as well.
The government’s total outlay in the form of the cash cheques and tax refunds will be €70 million, 380,000 people will benefit, he said in Marsaxlokk today.
Abela, accompanied by Finance Minister Clyde Caruana, said the wage supplement scheme will be retained for as long as it is needed to ensure that the economy recovers quickly post-COVID.
Single people earning between 0-€15,000 – €125.
Those earning between €15,001 and €30,000 – €95
Those earning between €30,001 and €60,000 – €60.
Couples earning between €0-€20,000 – €140.
Couples in the €20,001 to €40,000 bracket – €110.
Couples in the €40,001 to €59,999 bracket – €65.
Parents earning between 0-€15,000 – €135.
Parents in the €15,001 to €30,000 bracket – €105.
Parents earning over €30,001 – €60.
What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried…
The year is approaching its end and it is time to take a look back…
Inflation and the environment are the major concerns for Maltese citizens according to the latest…
16 local councils are in financial trouble as at the end of 2023 they owed…
Last week I promised my readers that I will be writing about the current military…
The Central Bank of Malta has just issued its latest outlook for the Maltese economy…