the political situation is distressing in the present, it is a true fact. However, we did not have so clear that the economic situation will reach these extremes. Well, according to data from the Reserve Fund of the Social Security, pensions have death date: December 2017. In addition, according to the calculations of the current Government, the deficit will be emptying pensions, and would make it unfeasible to pay the pay extra of Christmas.
These data we can see them embodied in the Budget Plan sent to Brussels, where he collects the Social Security recorded a deficit of 1.7% of GDP, which leads to the diversion of nearly 20,000 million euros. As A result of this, the Fund will be in a little more than 13,500 million at the end of this year.
We face a reality that has been warning about for a long time, the Independent Authority for Fiscal Responsibility, the pension system can not be maintained.
what Is the key to the impossibility of forming a Government with these data? So it is, relates to the difficulties to form a Government after more than 300 days without agreement between the parties and the widespread view that the next step Moncloa will have to tighten the belt, 5,000 million to meet the target deficit of 3.1% committed to be exact.
Against this tragedy social and economic, which will affect more than 8 million people, our Government thinks in the funding of non-contributory pension as the widow’s and orphan’s pensions through taxes, something not very coherent, taking into account the statistics of the INE: a 29% of the population is at risk of social exclusion. To this we must add the fall of the middle and high income that reduced the collection of personal income TAX, which meant that the State had to go to the Reserve Fund, removing the last 9.700 million.
a Large part of the population perceives this tribute as something impossible taking into account the data of the INE, and opt for a cut in government spending, reduction of the AUTONOMOUS communities, Senate and county Councils. #Crisis #Retirement #Savings
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