The Covid-19 wage supplement and the validity of the government-issued vouchers has been extended until the end of October, Prime Minister Robert Abela announced on Wednesday.
Abela was speaking at the Chamber of Commerece in a sit-down dialogue meeting with the Chamber’s members called ‘Meet the Prime Minister’.
The Prime Minister said that more details and a revision of the current wage supplement will be announced in the upcoming Budget for 2021 at the end of October.
The wage supplement is probably the most significant measure introduced by the government in its economic response to the Covid-19 pandemic. Announced last March, businesses are classified according to the effect that the pandemic has had on them and are eligible to apply for a financial supplement which will go towards the salary of their employees.
Over 100,000 workers have received the wage supplement since it was introduced.
The government set of vouchers is a stimulus measure meanwhile which was introduced in a government ‘mini-budget’, wherein all those living in Malta received €100 in vouchers to use at various types of outlets such as restaurants, accomodation venues, and retail stores who were hit by the pandemic.
These were initially only valid until the end of September.
Abela also spoke about the upcoming Moneyval assessment which, if failed, could lead to Malta being placed on a financial grey-list which could well be a death-knell to the country’s financial services industry.
The Prime Minister said that a lot of work is being done behind the scenes so that Malta can successfully pass this test.
Abela also spoke of his five pillars for Malta’s economy – pillars he announced during a Cabinet meeting held at the Chamber itself – which are good governance, economic growth, education, better infrastructure and becoming carbon neutral by 2050.
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Original article found on The Malta Independent