Budget Review, 2018

Hon. Prof. Edward Scicluna, Finance Minister of Malta, presented this legislature's first National Budget in Parliament.

He started off by giving an overview of Malta’s economic performance over the year, followed by a series of measures and initiatives that the Government will be implementing during 2018.

The salient points and incentives that were proposed in the Budget 2018 include the following:

  • VAT Grouping;
  • Improvements and extensions to current social benefits;
  • The cost of living increase to €1.75 per week;
  • White Paper to reform the rental market;
  • Duty exemptions;
  • Extra day of annual vacation leave;
  • Minor tax refunds to taxpayers. 

A more detailed overview of the salient points in the Budget 2018 can be downloaded below.