Social Security has accumulated a debt of 130 billion euros, according to economist Santiago Niño Becerra, who dismisses an immediate collapse of the pension system.
130 billion euros is, according to economist Santiago Niño Becerra, the debt that Social Security has already accumulated. He stated this on the programme La Ventana, from Cadena SER, as reported by La Razón. This issue, along with housing, is shaping up to be one of the major topics of the electoral campaign.
The economist attributes this figure to the periodic transfers that Social Security receives from the General State Budgets to pay pensions and other commitments. In his opinion, the income from contributions and contributions is not enough to cover all expenses.
Niño Becerra argues that the imbalance is not recent, but rather a trend that has been dragging on for years. According to his diagnosis, the problem has two aspects:
“The problem, evidently, is double: it lies in wages, point number one, and point number two, in the wages in relation to the pensions that are already being paid and that will continue to be paid”
Regarding a possible collapse in the short term, the economist was emphatic:
“To say that the pension system will collapse tomorrow is not true”
Nevertheless, he warns that structural imbalances continue to grow. To support this, he cites prospective studies that project the evolution of the system until the middle of the century, with a relationship between contributors and pensioners that would progressively deteriorate.
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