Cola Increase 2024 Malta. Malta’s finance minister, clyde caruana, unveiled the eagerly anticipated cost of living adjustment (cola) for 2024. The allowance was introduced to provide additional income to workers to help them cope with rising living.
The cost of living adjustment for 2024 will be €12.81 per week, finance minister clyde caruana said tuesday. Starting from january 2024, the carer at home scheme will be increased by an additional €1,000, bringing the total to €8,000 per year.