Cola Increase 2024 Malta

Cola Increase 2024 Malta. Each year, an increase in the weekly salary of all employees is announced during the budget, referred to as the cost of living adjustment (cola) mechanism. Minister for finance clyde caruana confirmed during a business breakfast event, organised by the times of malta (tom) that the cost of living adjustment (cola) for 2024 is.

Until 2027, minimum wage will increase to between €12 and €18 per week, in addition to the statutory cost of living adjustment (cola). The revised estimates for 2023 show a slight decrease in the budgeted deficit from € 979 million to € 969 million, 5% of gdp, and public debt reaching 52.8% of gdp and expected to.