Clyde Caruana Budget 5

Finance and Employment Minister Clyde Caruana has begun unveiling the Government’s national Budget for 2022 in Parliament.

The first Budget to be presented by Minister Caruana, speculation has been rife over several measures expected to be included. 

For the electric vehicle community, the expectation is that the Government will be raising the grant substantially.

Government has already confirmed it will not be raising new taxes, while Malta’s constituted bodies have made several proposals aimed at spurring the local workforce and meeting the many challenges that have come about since COVID, not least of which the worker shortage.

Follow Minister Caruana’s speech here: 

Featured Image:

DOI/ Jeremy Wonnacott

Related

ACE: VAT cut to 7% ‘primarily aimed at supporting industry’, with consumers only indirect beneficiaries

March 20, 2026
by Nicole Zammit

ACE says it has long advocated for a VAT reduction

Malta’s rubbish recycling rate places it among EU’s worst performers

March 20, 2026
by Nicole Zammit

Malta continues to lag significantly behind leading performers such as Germany

EU-funded acceleration programme targets Maltese blue economy startups

March 20, 2026
by Nicole Zammit

Equity-free funding, international pilot testing and investor connections are on offer for Maltese startups through the MED-Hubs programme