Key measures from the Budget 2025
- Income tax cuts
- €250 per child increase in children’s allowance
- €8 per week increase in pensions
- €5.24 per week COLA
- No VAT on sanitary products
- Free six months gym membership for people born between 2005 and 2007
- Lower excise tax on selected Maltese craft beers and wines
- Wedding grant raised to €1,000 per couple
The Finance Minister’s Budget speech on Monday started with a bang after protestors disrupted the parliamentary session.
It was Moviment Graffitti that staged the protest, unfurling a banner and accusing the government of being beholden to the influence of construction magnates.
After this, the Budget speech went ahead smoothly. Caruana announced income tax cuts, increases in the children’s allowance and pensions, as well as other measures such as a 0% VAT rate on sanitary products and a free six-month gym membership for people born between 2005 and 2007.
Read our commentary below to see how the Budget day played out.
