Revenues from Social Security contributions continue to show strong growth and, as of the data accumulated up to October, total €147.113 billion. This represents an increase of €9.365 billion compared to the previous year and a rise of 42.5% above pre-pandemic levels. The system posts a positive balance of €5.817 billion, equivalent to 0.3% of GDP.

The Intergenerational Equity Mechanism (MEI), in force since January 2023, also records significant progress, with an annual increase of 32.5%, reaching €4.079 billion—resources allocated directly to the Social Security Reserve Fund.

Compared with 2019, the last year unaffected by COVID-19, contributions have grown by €43.910 billion. In October alone, revenues from contributions reached €15.028 billion, €4.541 billion more than in the same month of 2019.

As of 31 October 2025, Social Security shows a positive result of €5.817 billion, notably higher than the €1.754 billion recorded a year earlier. This outcome stems from €194.749 billion in recognised revenue (+8.3%) and €188.933 billion in recognised expenses (+6.1%).

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Social Security contributions rise 6.8% year-on-year, reaching €147.113 billion

The Social Security Funds —which include SEPE and FOGASA— reported a surplus of €6.921 billion based on the latest data available (September).

In cash terms, net collection reaches €193.008 billion (+10.3%), while payments amount to €188.722 billion (+6.1%).

Income: growth driven by employee contributions

Total contributions amount to €147.113 billion (+6.8%). These include:

• Contributions from employed workers: €138.878 billion (+6.8%)
  • General Scheme: €113.4395 billion
  • Special Schemes (Self-employed, Sea, Mining): €10.524 billion
• Contributions from unemployed workers: €8.234 billion (+6.5%)

Transfers to the system total €45.489 billion (+12.8%), of which €41.199 billion come from the State and autonomous agencies. The increase is partly due to advanced funding linked to the First Recommendation of the Toledo Pact.

Expenditure: pensions and benefits grow 6.6%

Economic benefits reach €177.817 billion (+6.6%), accounting for 94.1% of all Social Security spending.

• Contributory benefits: €162.653 billion (+6.2%)
  • Contributory pensions: €143.204 billion (+5.7%), driven by:
    • A higher number of pensioners (+1.6%)
    • An increase in the average pension (+4.4%)
    • A general revaluation of 2.8% in 2025
• Temporary disability: €14.976 billion (+11.2%)
• Birth and childcare-related benefits: €3.848 billion (+6.9%)

Non-contributory pensions and minimum-income supplements stand at €15.164 billion (+11.5%), largely due to the general 9% increase applied in 2025.

Of that amount:

• Non-contributory pensions and minimum supplements: €9.666 billion (+10.6%)
• Subsidies and other benefits: €5.498 billion (+13.1%)
  • Minimum Vital Income and family benefits: €5.165 billion (+14%)