Pension spending rose 6.2% in August, reaching a record €14.47 billion

The Spanish Ministry of Inclusion, Social Security and Migrations reported that spending on contributory pensions reached a record high of 14.470,4 million euros in August. This figure represents a 6,2% increase compared to the same period in the previous year.

The expenditure covers the ordinary monthly payroll for contributory pensions. The data, released on Tuesday, highlights the ongoing growth in the total financial commitment required by the Social Security system to meet these obligations.