The Social Security closed the first seven months of the year with a positive result of 9.162 billion euros, equivalent to 0.5% of GDP. This balance is obtained after total revenues of 154.231 billion euros, 7.8% more than a year earlier, against expenses of 145.069 billion, which increased by 7%, according to data released this Friday by the Ministry of Inclusion, Social Security and Migration.
Between January and July, the system obtained 109.913 billion euros in income from social contributions, which represents a year-on-year increase of 7.4% and 53.2% more compared to 2019, the last fiscal year not affected by the pandemic.
The resources from the Intergenerational Equity Mechanism (MEI), operational since 2023, advanced until July by 26.6% year-on-year, reaching 3.547 billion euros.
The rise in contributions until July is largely explained by the behavior of the contributions of employed workers, which grew by 7.6% compared to the same period of the previous year, reaching 103.860 billion euros. Contributions linked to the unemployed also improved, with an increase of 5.5%, reaching 6.053 billion euros.
By regimes, the contributions of employed persons totaled 84.356 billion euros in the General Regime, while in the special regimes (Self-employed, Sea and Coal Mining) they amounted to 7.891 billion euros.
If the figures are analyzed in terms of cash, the net collection of the system reached 151.130 billion euros until July, 8.8% more than in the same period of the previous fiscal year. The payments made increased by 6.9%, reaching 144.766 billion euros.
The transfers received by Social Security in the first seven months of the year totaled 42.800 billion euros, which implies a year-on-year growth of 9.1%.
In parallel, the data from the Social Security Funds until April —the last available reference—, which include, in addition to the system, information from the State Public Employment Service (SEPE) and the Wage Guarantee Fund (Fogasa), reflect in National Accounting a surplus of 6.150 billion euros, equivalent to 0.4% of GDP.
MORE THAN 124.600 BILLION EUROS FOR CONTRIBUTORY PENSIONS
In the chapter of expenses, the economic benefits aimed at families and institutions reached 137.060 billion euros between January and July, 7.2% more than in the same period of 2025. This disbursement represents 94.5% of the total expenditure of the Social Security system.
The main item, with 124.671 billion euros, corresponds to pensions and contributory benefits, which recorded an increase of 6.6%.
In particular, the expenditure on permanent disability pensions, retirement, widowhood, orphanhood, in favor of relatives, and complementary contributory pensions to reduce the gender gap increased by 6%, reaching 109.847 billion euros, due to the increase in the number of pensions (+1.5%), the rise in the average pension (+4.6%), and the general revaluation of 2.7% of contributory pensions in the 2026 fiscal year.
Regarding the benefits for birth and childcare, shared responsibility in the care of infants, risk during pregnancy and during natural breastfeeding, and care for minors affected by cancer or another illness, the accumulated expenditure until July rose by 21.7%, reaching 3.228 billion euros.
THE EXPENDITURE ON TEMPORARY DISABILITY INCREASES BY 8.9%
On the other hand, the disbursement for temporary disability (IT) subsidies increased by 8.9% compared to the first seven months of 2025, reaching 11.160 billion euros.
The pensions and benefits of a non-contributory nature, including the minimum supplements of contributory pensions, absorbed 12.389 billion euros until July, 13.5% more than in the same period of the previous year. This advance is largely explained by the general revaluation of 11.4% set for the 2026 fiscal year.
Of those 12.389 billion euros, 7.964 billion were allocated to non-contributory pensions and minimum supplements, with an increase of 13.4%, while 4.425 billion corresponded to subsidies and other benefits, 13.6% more. Within this last block, 4.170 billion euros were directed to the Minimum Vital Income and family benefits, which implies an increase of 14.1% compared to the previous year.