The Malta Co-operative Federation has submitted its proposals for Budget 2024 to the Maltese Government. The proposals aim to create a more co-operative economy where the individual, rather than profits, is given priority.
The co-operative model, which is based on democratic member participation and fair distribution of wealth, is the obvious solution if Malta wants to find a new economic model that respects communities, puts people’s holistic wellbeing as a priority and is sustainable.
The proposals include the creation of a taskforce to make recommendations on a regulatory framework for worker buyouts (workers buying their place of work); updating of the legislation regulating co-operatives in Malta; and creating an level playing field when it comes to Malta Enterprise’s funding schemes.
