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The Social Security Budget 2012

The states of expenditure and revenue that appear in the Social Security Budgets can undergo modification in any entry from one financial year to another.

By studying it in detail we can see the aims of the Social Security system and the condition of the existing system of social provision in our country. Thus, in 2011 the Social Security Budget will record a surplus of 0.4% of GDP, due to the difference between the non-financial revenue (social contributions, taxes, transfers from the State and others) and the non-financial expenditure (staff, purchase of goods and services, social benefits, transfers and investment), as has occurred in previous financial years.

Social contributions have increased and the State contributions to the budget of the Social Security System have been maintained to fund the minimum pension supplements, non-contributory pensions, family benefits, IMSERSO and ISM social services and the health care provided by INGESA.

In the section on expenditure this budget combines the moderation of spending on management services, with the maintenance of the effective level of protection and improvements for the most vulnerable people and groups, to whom 91.86% of the budget is directed. Thus, contributory pensions have increased by 3.95%, and the protective action has been extended recognising the benefit for cessation of trading for self-employed workers and the professional contingencies in the Special Scheme for Domestic Employees.

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