The High Toll Of Linking Pensions To The CPI

The chapter dedicated to pensions in the Budgets for 2022 project beats all marks. The transfer of 36,200 million that the Social Security will receive to face this disbursement is by itself historic; However, given the forecast that this item will fall short, it is necessary to provision another 7,000 million in concept of a new loan from the State.

The own Yellow Book of the Budgets indicates to the person in charge of so bulky numbers: the re-linking of the annual update of the pensions to the CPI. This is not a one-off problem, now that inflation is very high. As Brussels pointed out, this is a measure that will also raise spending in the medium term and aggravate the problems that Social Security was already dragging on.

The chapter dedicated to pensions in the Budgets for 2022 project beats all marks. The transfer of 36,200 million that the Social Security will receive to face this disbursement is by itself historic; However, given the forecast that this item will fall short, it is necessary to provision another 7,000 million in concept of a new loan from the State.

The own Yellow Book of the Budgets indicates to the person in charge of so bulky numbers: the re-linking of the annual update of the pensions to the CPI. This is not a one-off problem, now that inflation is very high. As Brussels pointed out, this is a measure that will also raise spending in the medium term and aggravate the problems that Social Security was already dragging on.

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