The Secretary of State for Social Security, Tomas Burgos, has advanced Wednesday that the total liquid collection system is well over 71,400 million euros until August, “a record number”.
During his appearance to detail the accounts of the Social Security for the next year in the Budgets Committee of the Congress of Deputies, Burgos explained that entails 1.855 million euros from a year earlier.
“There was only one month in the legislature in which 9,000 million revenues were exceeded,” he noted, adding that in this August have reached 9.169 million of net revenues.
Burgos explained that with this evolution of the system’s revenues on the table is to be expected, according to the budget for next year, revenue from social security contributions reach 117.242 million euros, 6.7% more than budgeted in 2015.
More in detail, it has indicated that if one considers only companies employed workers, increased revenues by way of contributions grow 8 28% of the budget this year.
The Secretary of State for Social Security has stated that this scenario can be achieved thanks to “a much more favorable evolution of both the average compensation per employee and jobs” as well as the increase in base quote. “The keystone is now increasing membership,” he said.
Social Security has always been the Government’s commitment On the expenditure side, Burgos said that the 2016 Budget has allocated a year a rise of 0.25% -the pensions, the minimum required by law-without entailing risks to the sustainability of the system.
As he explained, the annual growth of the number of pensions is 1% at the moment, the lowest historical series, and the growth of the monthly payroll of these benefits by 2.8%, also lower.
This has allowed her to say that “spending is growing, but in a much more subdued than at other times”, which is “a significant indicator of the sustainability of the system.”
Similarly, Burgos noted that contributory pensions in 2016 represent 10.4% of GDP, two tenths less than in the 2015 budget, which, in his eyes, “is also a estimable stability indicator “.
“It is perfectly acceptable parameters” added to apostille that “the system is in a phase of stability to be maintained.”
This circumstance is being supported, he said, that “increasingly require guaranteed minimum pension.” Specifically, he noted that the proportion of high need that has fallen from 21.82% in 2012 to 20.61% in June 2015, by increasing the average pension in real terms.
In another vein, the Secretary of State for Social Security has said that spending for Temporary Disability (IT) will grow 9.21% in 2016, “according to the rise of affiliates”.
Therefore, Burgos said that Spain is not overcoming the crisis “at the expense of the Social Security” and it remains “the big bet”, while receiving 40% of funds managed budgets. “No amendments have been made to spend less, but to spend better,” he ruled.
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