Budget 2027 set for October 26 as Abela vows to keep fuel subsidies

Prime Minister Robert Abela announced Sunday that the national budget for 2027 will be presented on October 26. Speaking at a Labour Party event, he said the budget will confirm Malta's economic resilience while taking into account the international situation.

Abela promised that fuel and energy subsidies will remain in place. He described Malta as the only country that has kept these subsidies and guaranteed their continuation.

The commitment to subsidies comes as businesses across the island face pressure from global energy price volatility and supply chain disruption. The pledge provides some predictability for corporate budgeting but raises questions about the long-term fiscal cost.

"We remain the government that continues to say no to austerity, and the government that supports young people, pensioners and workers," Abela said,

The prime minister framed the budget as a rejection of austerity measures, positioning it as a pro-growth, pro-support document. For Malta's business community, the October 26 date sets a clear deadline for tax planning and investment decisions.

Analysts will watch whether the budget includes measures to offset the subsidy costs or signals any shift in taxation or public spending. The international situation remains the key variable that could alter the government's fiscal trajectory.