Policy direction
The speech commits to keeping the general-government deficit below 3% of GDP and reducing the debt burden over the legislature.
Amount
Deficit below 3% of GDP: stated policy
Previous
No direct comparator
Effective from
Awaiting guidance
Tables provide the actual/revised/estimated figures separately. The deficit strategy is a policy commitment, not a guaranteed fiscal outturn. The speech attributes about 1.4% of GDP of the deficit to energy subsidies; this narrative attribution is not an additional expenditure line to add to the fiscal tables.
Affects: Residents, Companies & SMEs, Economy.
The additional COLA mechanism runs again, paying €200 to €1,500 a year depending on disposable income and household size. Over 100,000 households are expected to benefit.
€200 to €1,500 per year
Speech printed p. 22 · PDF p. 26
From 2027 free public transport is restricted to Maltese and Gozitan residents, resident EU nationals and long-term residents.
Speech printed p. 30 · PDF p. 34
A 25% tax rate on retained or reinvested profit is announced for qualifying companies with turnover not above €1 million, compared with 35% on distributed profit.
25% on retained profit
Proposed rules; implementation not confirmed.
Speech printed p. 34 · PDF p. 38