Pension spending in the Spanish State reaches a record figure of 12,051 million in September

Compared to September 2022, it is 10.9% more. In total, 10,073,434 contributory pensions have been paid to just over 9.12 million pensioners.

The ordinary monthly payroll of contributory pensions has reached the record figure of 12,051.4 million euros in the Spanish State in September, which is equivalent to 11.8% of GDP, according to data published this Tuesday by the Ministry of Inclusion, Social Security and Migrations.

The ordinary monthly pension payroll exceeded 12 billion euros for the first time in July and this month it once again sets a new record.

The Ministry headed by José Luis Escrivá estimates that pension spending stood at 11.7% of GDP in the last twelve months, the same figure as in 2022 (11.7% of GDP), but lower than that of 2020. (12.4% of GDP), a year conditioned by the impact of the pandemic on GDP, and also that of 2021 (12.1% of GDP).

In September of this year, 10,073,434 contributory pensions (retirement, permanent disability, orphanhood and widowhood) were paid, 1.2% more than a year ago, to just over 9.12 million pensioners.

After the increase in pensions with the CPI applied since the beginning of the year, the average retirement pension increased by 9.5% year-on-year in September, to 1,376.4 euros per month.

For its part, the average pension of the system, which includes the different types of pension (retirement, permanent disability, widowhood, orphanhood and for family members), also increased by 9.5% year-on-year, reaching 1 September of this year. year at 1196.35 euros per month.

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