Latest employment figures released by Eurostat show that in the
first quarter of this year Malta recorded the highest employment
growth among the 28 EU member states with an employment growth rate
of 3.7 per cent.
This marks a second consecutive quarter in which Malta records
such an achievement since its 3.4 per cent employment growth rate
was also ranked the highest when compared to the other EU member
states during the last quarter of 2015.
Minister for Finance Prof. Edward Scicluna remarked:
"Malta's top-ranked employment growth owes its success to
a number of budget initiatives implemented in the last three years.
These have resulted in making work pay and creating labour market
opportunities, while discouraging dependencies."
Some of the most prominent budget measures include the ten
percentage point reduction in the personal income tax rate from 35
per cent to 25 per cent, the raising of the income tax free
threshold, in-work benefits, the tapering of benefits, free
childcare centres and other fiscal incentives for both the
employers and persons willing to work.
Source: Ministry for Finance Press Release
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