Given the inflation data for November, which makes it possible to calculate the revaluation for next year, the increase estimated by the Government of Spain in the budgets for non-contributory pensions is confirmed, while non-contributory pensions will increase by 15%.
Euskaraz irakurri: Pentsioak % 8.5 igoko dira 2023an
The to get up of the pensions in 2023 of will be 8.5%once the inflation data for November is known, which will allow to calculate the revaluation for next year and confirm the increase estimated in the budgets by the Government of Spain.
In line with the 2021 reform, the annual revaluation of pensions is calculated using the average of the annual inflation rates from the previous 12 months to November.
The 8.5% is the increase that will apply to non-contributory pensions, while non-contributory increases by 15%, in accordance with the provisions of the budget project during its processing in Congress. The Minimum Vital Income (IMV) It will also rise by about 8.5%.
In any case, we will have to wait for the final CPI data for November, which the INE will publish on December 14, to confirm the exact percentage increase in pensions, although the final CPI data tends to change very little if at all . tenth.
Social Security calculates that every tenth increase in pensions costs about 150 million euros, so an 8.5% increase means an expenditure of about 12,750 million euros.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
