Cola Increase 2024 Malta Government. The additional cola payment for vulnerable households will start being paid out by the end of this year, finance minister clyde caruana has announced in the budget speech. Why is reform needed for malta’s cola system?

Until 2027, minimum wage will increase to between €12 and €18 per week, in addition to the statutory cost of living adjustment (cola). Cost of living adjustment (cola) for 2024 will be €12.81 per week.