Koperattivi Malta presents its proposals for Malta’s budget 2023:
Identity of Cooperatives
1) Providing a supportive policy and legal framework consistent with the nature and function of cooperatives and guided by the cooperative values and principles that allows for a more level playing field between cooperatives and other organisational structures.
2) Establishing a dynamic and distinctive sector of the economy that responds to the needs of the cooperative models, including a distinct support structure for worker and social cooperatives.
3) Supporting initiatives of Education and Training across educational institutions and the general public on the cooperative model as a viable alternative to other existing organisational structures such as through adding this to the national curriculum.
To address high employment within the public sector, the government should consider launching a scheme that incentivises the public sector employees to form cooperative societies. Cooperatives in Malta, that contribute over 120 million euros yearly, have been proven to be more resilient than limited liability companies. The existing 4 cooperatives in the public sector that are currently part of Koperattivi Malta have refunded the government a significant cost in salaries over the years since their inception. This measure would also empower individuals to become self-reliant business owners who are intrinsically motivated to grow their business. In order for this to happen the government should revise the existing public policy and legal notices applicable to cooperatives in the public sector.