During the 2026 Budget Speech, the Minister of Finance and Employment announced that the Cost of Living Allowance (“COLA”) for the year 2026, has been set to €4.66 per week. This represents a decrease of €0.58 per week when compared to the previous year, during which the COLA stood at €5.24 per week (2025).
Malta Budget 2026 – Cost of Living Allowance
During the 2026 Budget Speech, the Minister of Finance and Employment announced that the Cost of Living Allowance (“COLA”) for the year 2026, has been set to €4.66 per week. This represents a decrease of €0.58 per week when compared to the previous year, during which the COLA stood at €5.24 per week (2025).
Written By Marie Claire Balzan
On January 5, 2026
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