In advance of the inflation data for November, which makes it possible to calculate the revaluation for next year, the increase estimated by the Government of Spain in the Budgets for contributory pensions is confirmed, while non-contributory pensions will increase by 15%.
Euskaraz irakurri: Pentsioak % 8.5 igoko dira 2023an
The rise of the pensions in 2023 will be from 8.5%once the November inflation data has been advanced, which makes it possible to calculate the revaluation for next year and which confirms the increase estimated by the Government of Spain in the Budgets.
In accordance with the 2021 reform, the annual revaluation of pensions is calculated with the average of the interannual inflation rates of the previous twelve months until November.
The 8.5% is the increase that will apply to contributory pensions, while non-contributory will increase 15%, in accordance with the provisions of the budget project during its processing in Congress. The Minimum Vital Income (IMV) It will also rise by around 8.5%.
In any case, we will have to wait for the final CPI data for November, which the INE will publish on December 14, to confirm the exact percentage increase in pensions, although the final CPI data tends to hardly change, if at all. some tenth.
Social Security calculates that each tenth increase in pensions has a cost of about 150 million euros, so raising them by 8.5% will imply an expense of approximately 12,750 million euros.
Source: Eitb
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