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Pension spending reaches a record figure of 10,832.2 million in June, 4.7% more

MADRID, 28 Jun.

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Pension spending reaches a record figure of 10,832.2 million in June, 4.7% more

MADRID, 28 Jun. (EUROPA PRESS) -

The Social Security allocated in the current month of June the record figure of 10,832.2 million euros to the payment of contributory pensions, 4.7% more than in the same month of 2021, as reported on Tuesday by the Ministry of Inclusion, Social Security and Migrations.

The Department headed by José Luis Escrivá estimates that pension spending stood at 11.8% of GDP in the sixth month of the year, a lower percentage than in 2020 (12.4% of GDP), a year conditioned by the impact of the pandemic on GDP, and also lower than that of 2021 (12.1% of GDP).

Together with the ordinary payroll, the extraordinary payroll is paid in June, the amount of which amounts to 10,536.1 million euros, which represents an increase of 6.6% (5% in homogeneous terms) compared to 2021.

Specifically, the extraordinary pay is received by 9.9 million pensions received by nearly nine million pensioners (8,999,581). Its average amount is 1,062.43 euros, 5.8% more than in June 2021.