Cola Increase 2024 Malta India. Each year, an increase in the weekly salary of all employees is announced during the budget, referred to as the cost of living adjustment (cola) mechanism. Stipends will also increase in line with the cola adjustment.
Cola (cost of living increase) is set to increase to €12.81 per week (€9.90 last year) for all employees, pensioners and people receiving social benefits; The cost of living adjustment for 2024 in malta is €12.81 per week, as announced by finance minister clyde caruana.