Revenue from contributions reached 40,846 million euros until April, 8.09 percent more than in the same month of 2018


The Social Security entered until April 40.846 million euros by quotations, which supposes a 8.09 percent more than the previous year. The positive balance on the last day of April stood at 3,225.69 million euros, 0.26% of the Gross Domestic Product (GDP).

This positive balance is the result of the difference between rights recognized by non-financial operations of 49,457.42 million euros, which present an increase of 9.71% and recognized obligations of 46,231.73 million euros, which grow in 10.48%.

Of the total volume of recognized rights, 91.23% corresponds to the management entities and common services of the Social Security and the remaining 8.77% to the Mutuals collaborating with the Social Security. Regarding obligations, 92.19% has been recognized by the managing entities and 7.81% by the collaborating mutual funds.

Non-financial income

The social contributions amounted to 40,846.69 million euros, which represents an increase of 8.09 percentage points over the same period of the previous year, which is caused by the increase in the quotation of employed persons by 8.07%, while the unemployment rate registered an increase of 8.44%.

As a whole, Social Security plans to enter this year a total of 114,915.75 million euros in social contributions. In this way, the contribution revenues represent, at the end of April, 35.54% of what was foreseen for all 2019.

Current transfers totaled 8,179.96 million euros, with an increase of 19.57% over the amount at the same date in the year 2018. This increase is mainly motivated by Law 6/2018, of July 3, on General Budgets of the State for the year 2018, established a quarterly calendar in the release of transfers from the State to the Social Security as supplements for minimum pensions, having received at April 30, 2019 the deliveries from January to June; that is, two months more than in the same period of 2018.

In addition, as of April 30, 2019, an amount of 666 million euros has been collected as a contribution from the State to support the Social Security budget balance established in the aforementioned budget law for 2018, an amount that in The same period of the previous year had not been recognized, as this law was published in the month of July 2018.

Capital income recorded 16.13 million euros, with a year-on-year decrease of 56.17%, and fees and other income reflect the amount of 405.90 million euros, with an interannual increase of 0.67%.

Non-financial expenses

Financial benefits to families and institutions totaled 43,445.63 million euros, an increase of 9.44% over the previous year. This figure represents 93.97% of the total expenditure made in the Social Security system. The largest item, 40,029.52 million euros, corresponds to pensions and contributory benefits, with a year-on-year growth of 9.91%.

In a detailed analysis of the contributory area, pensions (disability, retirement, widowhood, orphanhood and in favor of family members) reached an amount of 36,420.95 million euros, a figure higher by 7.08% the previous year. Regarding maternity, paternity and risk during pregnancy benefits, they rose to 803.31 million euros, representing an interannual increase of 9.10%. In temporary disability, the expense incurred reaches an amount of 2,680.91 million euros, 73.93% more than in the same period of fiscal year 2018, growth affected, as later indicated, by the imputation in the months of January, February and March 2019 of the delegated payment of the temporary disability for the month of November and December of 2018, amounting to 978.58 million euros, as a consequence of the change in budgetary imputation criteria, so that the actual expense of disability temporary was 1,702.33 million euros, representing an increase of 10.44%.

Likewise, the year-on-year growth of the expenses of the mutual collaborators with the Social Security is worth mentioning, as a contribution to the maintenance of the common services and mandatory and facultative reinsurance because, being expenses associated with the recaduation, it has determined that those corresponding to November and December 2018 had to be allocated to the 2019 budget, as a result of the current budget imputation criteria. According to these criteria, the year-on-year increase in these expenses amounted to 65.13%, although in terms of a homogeneous comparison, the increase would have been 5.46%.

As of April 30, pensions and non-contributory benefits, including supplements for minimum contributory pensions, amount to 3,416.11 million euros, a figure that represents an increase of 4.18% over the previous year. Of this amount, 2,771.04 million non-contributory and minimum pensions are allocated to subsidies and other benefits 645.07 million euros, of which 620.56 million euros correspond to family benefits, 3.93% higher than that of previous year

As regards management expenses incurred by Social Security, they have experienced an increase of 2.80% in personnel expenses, an increase of 9.33% in current expenses of goods and services and a decrease of 30.36 % in expenses dedicated to investments. With an overall increase of 4.30% year-on-year.

Homogeneous comparison

Notwithstanding the foregoing, in 2019 there has been a change in the criteria for the budgetary allocation of certain expenses for November and December 2018 associated with collection, which has determined that these expenses are allocated to the 2019 fiscal year, despite the fact that accrued in 2018.

Accordingly, in order to establish a homogeneous comparison with the previous year, it should be taken into account that up to April 2019, 1,324.36 million euros of accrued expenses were charged in the months of November and December 2018 – corresponding to the payment delegate of temporary incapacity and to the contribution by the collaborating mutuals to the maintenance of the common services – and that, consequently, must diminish of 2019.

All this means that the amount of expenses for the first four months of 2019 would be 44,907.37 million euros (46,231.73 -1,324.36).

Also, in April 2018, the additional revaluation of pensions from 0.25% to 1.6% overall and 3% of minimum pensions, established in the General State Budget Law for 2018, had not been applied. , in terms of homogeneity, that the accumulated expense in the first four months of last year should increase by 371.61 million more, which puts the total at 42,216.51 million euros (41,844.90 + 371.61).

Therefore, the increase in expenditure until April is 6.37% with respect to the same period of 2018.

Summarizing, in homogeneous terms, the cumulative positive balance in the first four months of this year amounts to 4,550.05 million euros, which is the difference between net recognized rights for non-financial operations of 49,457.42 million euros and some obligations recognized of 44,907.37 million euros.



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