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Malta’s 2027 budget announces a €10 weekly pension increase

This dossier follows Malta’s 2027 budget, its social and tax measures, their financing and implementation.

Last updated : 1 key moments
Malta’s Parliament in Valletta photographed in March 2020. Archive illustration, not the presentation of the 2027 budget.
Malta’s Parliament in Valletta photographed in March 2020. Archive illustration, not the presentation of the 2027 budget. — Joe Ambrogio / Wikimedia Commons — CC BY-SA 4.0 https://creativecommons.org/licenses/by-sa/4.0/ — archives du 28 mars 2020, version réduite.

Where things stand

As of 26 October 2026, the government has presented the 2027 budget and announced a €10 weekly pension increase, including indexation, from January.

Confirmed

Malta’s 2027 budget announces a €10 weekly pension increase

Maltese Finance Minister Clyde Caruana presented a 2027 budget on 26 October that provides for a €10 weekly pension increase. The amount includes the cost-of-living adjustment.

Malta’s Parliament in Valletta photographed in March 2020. Archive illustration, not the presentation of the 2027 budget.
Malta’s Parliament in Valletta photographed in March 2020. Archive illustration, not the presentation of the 2027 budget. — Joe Ambrogio / Wikimedia Commons — CC BY-SA 4.0 https://creativecommons.org/licenses/by-sa/4.0/ — archives du 28 mars 2020, version réduite.

The increase is due to apply from January. The full €10 therefore does not come on top of indexation: that adjustment is included in the announced rise. Maximum pensionable income for people born before 1962 is to increase to €28,000.

The budget also provides for another phase of tax cuts for parents and retains energy subsidies. New tourist charges and fees affecting third-country nationals are among the measures announced.

The Chamber of Commerce welcomed support for families and pensioners but criticised the lack of a sufficient response to productivity problems and higher work permit costs. These are budget announcements whose implementation remains to be followed.

Sources 4