Social Security closed the first nine months of the year with a surplus of 7.125 billion euros, which represents 0.4% of GDP. This result comes after total revenues of 190.655 billion euros, 7.7% more than in the same period of the previous year, compared with expenditures that rose to 183.530 billion, with an increase of 7.4%, according to the figures released this Friday by the Ministry of Inclusion, Social Security and Migration.
Between January and September, the system obtained 142.004 billion euros from social contributions, which implies an year-on-year increase of 7.5%. Within this chapter, the contributions of employed workers rose by 7.6% year-on-year, to 134.155 billion euros, while contributions associated with the unemployed grew by 5.8%, to a total of 7.849 billion euros.
Revenues linked to the Intergenerational Equity Mechanism (MEI), operational since 2023, experienced a year-on-year increase of 25.4%, reaching 4.587 billion euros.
If analyzed in cash terms, the system’s net revenue stands at 189.022 billion euros, which represents an increase of 7.9% compared with the previous fiscal year, while payments increase by 7.2%, to 183.169 billion euros.
(((TO BE EXPANDED)))