Malta Budget 2023
19 October 2022
On the 24th of October 2022, Finance Minister Clyde Caruana presented the Malta Budget for 2023.
The 2023 Malta Budget aims at maintaining the economic growth whilst protecting the most vulnerable through the cost of living adjustment, additional allowances and in particular the containment of inflationary price spiraling.
A budget that has as its main goal the retention of current utility and gas prices, potentially at the expense of new economic stimuli. A budget that does not factor the expected pressure to interest rate that persistent inflation will bring about and which may require further government intervention.
A budget that carries over and extends the prior year environmental, business and property market incentives. A budget that does not bring the tax cuts but does not introduce any new taxes either.
A budget that aims for the status quo when recession is the fear.
Want to know more?
Download BDO Malta Budget 2023 Highlights