US EditionEditorial: Why Malta’s Social Pact Works
3 Articles
3 Articles
Editorial: Why Malta’s social pact works
In New York, newly-elected mayor Zohran Mamdani has pledged free childcare, free public transport, baby baskets for newborns and progressive taxation... in Malta these American headlines are read with wry smiles.It is remarkable that the municipal budget of a metropolis 16 times the size of Malta’s population, happens to be lower per capita than ours....
The data published today by the EU's statistical service show that expenditure on social protection benefits represented 27.3% of the block's gross domestic product (PIB), indicating an increase of 0.6 percentage points (pp) to 2023. Among EU Member States, expenditure on social protection benefits, as a percentage of GDP, was higher in Finland (32.5% of GDP), France (31.9%) and Austria (31.8%), while it was lower in Ireland (12.4%), Malta (13.4…
Malta comes second-lowest in the EU with social protection expenditure to GDP ratio
For every €13.4 out of €100 spent in the Maltese economy, go to social benefits, health, pensions and housing aid according to the latest statistics by Eurostat. Although this figure may seem to be high, Malta with 13.4%, is recorded to have the second-lowest social benefits to GDP ratio following Ireland at 12.4%. Hungary comes third lowest with 16.6%. The total average social protection expenditure in the EU is at 27% and increased by 7% in 20…
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