Malta the future.
Community policing scheme to be extended to more parts of Malta
Incentives for farmers. Promote use of organic farming.
First reverse osmosis, designed by Water Services Corporation, for Hondoq ir-Rummien in Gozo.
Corradino Correction Facility upgrade on the way.
FATF. Action plan to comply with FATF recommendations.
Malta shipping register will by upgraded.
More investment in sporting facilties. Motorsport facilities will get €20 million investment.
Utility bills to be more just for consumers. Unused low rate units can be used to help pay times of higher concumption.
More investment in Enemalta distribution network.
New more efficient street lighting for capital Valletta.
Multi-million euro investment for waste collection.
Grant of up to € 900 for vehicles with solar panels.
Grant for purchase of electric vehicles or plug-in hybrid will be increased by €3,000 to €11,000 as from tomorrow. If the vehicle scrapping scheme is used, this grant will rise to €12,000. The funding for the scrapping vehicle scheme will increase by €1,000 to €2,000.
Big announcement. Free public transport for everyone.
Improving environment with more vertical gardens, community gardens and upgrading of San Anton Garden.
Afforestation at Malta National Park with €20 million investment over a five-year period.
Stronger enforcement in construction industry. Contractors will require license to operate.
Gozo heliport facilities to be upgraded.
First-time buyers who buy these older properties in Gozo will receive a grant with a double value of € 30,000.
Duty reduced for first and second time home buyers.
More help for business’s and start-ups. Stamp duty from 5% to 1.5% when family businesses are transferred to their children or younger generations.
In January this year, government set up the MFSAC (Malta Financial Services Advisory Council).
2022 will see work continue on roads. Investment for regeneration of Grand Harbour.
Infrastructure.
With effect from 1 June 2022, the interest rate on income tax and VAT balances will be 7.2% per annum.
Student stipends up by 10%.
COLA will increase by €1.75 per week.
Tax refund cheques will increase to between €60 and €140 depending on income.
Income limit for working couples will rise from € 35,000 to € 50,000 per year, one only working, income limit will rise income limit will rise from € 26,000 to € 35,000 per year;; single working parents – income limit will rise from € 23,000 to € 35,000 per year.
Income tax for part-timers will be reduced from 15% to 10%.
Pensions will not be taxed under new regulations anIncome tax on overtime reduced on first 100 hours for those with basic salary not exceeding €20,000
Income Tax
A €2 million fund for training programmes for workers to help upskill the workforce.
Tax rate on sale or purchase of property to be halved, up to the first € 200,000.
Equity Sharing Plus scheme will be extended to people aged 30 and over.
Housing.
A specialized CT Scan facility will be installed at the St. Vincent de Paul Long-Term Care Residence.
More assistance for families whose children need occupational therapy, investment for schools to improve facilities for autistic students, disabled to have more incentives to learn to drive.
Means-testing on disability assistance removed as from next January.
€11 million will be allocated to workers who suffered past injustices.
Carer’s Grant for severely disabled people, up €300 from €200 to a final €500.
Carer at Home benefit,€7,000 per year.
A €50 increase in the grant for the elderly aged 80 and over. Birth and adoption bonuses up by €100, children’s disability allowance will increase by €5.
Remote Patient Monitoring to be extended to include 17 to 21 year-olds.
Acute care services to be increased at Mater Dei Hospital.
More medicines to be added to government list.
IVF patients will benefit from free medicines.
Medicines.
A €150 increase will be given in the annual bonus for retired people who do not qualify for a pension due to a lack of contributions.
Service pensions will increase by €200.
Pension income level will be raised to €14,318 so that they do not pay tax on new increases.
Widows pension up between €10 and €15 in weekly increases or between € 520 and € 780 per year.
Married people or couples whose income in 2022 is less than €14,318 will be get benefit increase between €3.47 and €6.50 per week depending on their income. Single people, including widows, whose income in 2022 does not exceed €10,221 will receive an increase of between €4.10 and €5.00 per week.
Pensions to go up €5 per week.
Finance Minister Clyde Caruana rises to deliver the government’s Budget 2022.
