Social security contributions rise to EUR 38,904 million and credit has skyrocketed to over EUR 10,000 million
The historic 8.5% rise in pensions will significantly increase the transfers the state must make to the system to pay the payroll of the more than nine million retirees. For example, Social Security will receive a total of €38,904 million in contributions from the state in 2023, 7.2% more than in 2022, according to the draft 2023 state general budget (PGE) bill that was passed in Congress this Thursday by the Secretary of State. Finance, María Jesus Montero.
Social security accounts, which have been in the red for years, are being put under additional pressure by an additional amount of almost €20,000 million, increasing its spending on social benefits by 11.4%, scaling up to €190,687 million. To balance this imbalance between income and expenditure, the government is therefore also forced to almost double the credit it allocates to the system: EUR 10,004 million next year, 43.3% more than the 6,982 million it will have in 2022. lent. “They are 10,004 million for the peace and security of the system. We are dealing with the present and the future,” emphasizes Montero.
Source: La Verdad
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