And this year the State will once again come to the rescue of the pension system with an injection of €43,000 million in order to be able to meet the promised payments.
At the end of September, the Social Security coffers accumulated a debt of €106 billion euros, almost four times more than the €27 billion it had at the end of 2017. And that is before taking into account the last quarter, when pensioners are paid the bonus.
The government omits the existence of this deficit in order to continue to maintain that the system is healthy and that it even achieves surpluses, despite the fact that it must continue to allocate a significant part of the tax revenue to pay pensions. This year, the government plans to allocate another €43,000 million euros to meet the payments it has made despite the sharp increase in social security contributions.
