MCESD discusses mechanism for socially vulnerable

The MCESD today discussed an income protected mechanism that will see socially vulnerable individuals, mainly low-income earners benefit from a protection mechanism. The meeting also focused on an overview on the Budget in terms of public finances.

The announcement tied to the proposed mechanism was made prior to the Budget speech by Finance Minister Clyde Caruana.

MCESD immediately took the initiative to see that the mechanism is discussed during today’s MCESD meeting among social partners comprising of representatives of employer organisations, trade unions, civil society and the Gozo Regional Committee.

Renowned Economists Kirsten Cutajar Miller and Stephanie Fabri gave an in-depth presentation on the mechanism, and Budget 2022 overview.

Minister Carmelo Abela addressed the meeting.