This is how pensions remain after the green light for the Budgets for 2023
The General State Budget project for 2023 has comfortably passed its passage through Congress, where it has been approved by a large majority of 187 votes, and is now making its way to the Senate, where it hopes to complete its processing. The 2023 Budgets are the third of the Government, all of them consecutive and approved in due time and form, and foreseeably they will be the last, since the calendar would coincide the processing of the 2024 accounts with the dissolution of the Cortes.
With the entry into force of the accounts on January 1, 2023, the measures included in the text will do so, ranging from the decrease in personal income tax for low incomes, an endowment of 11,794 million for investments or the revaluation of pensions with the CPI , which will mean an increase close to 8.5%. For its part, the amount of non-contributory pensions will grow to 15% after an agreement between Moncloa and EH Bildu. From the Ministry of Finance and Public Function they assure that it is a measure “compatible with the sustainability of the system” since the ‘pension piggy bank’ will receive almost 3,000 million from the Intergenerational Equity Mechanism, something that has not happened for 13 years.
“Support for pensioners is compatible with more resources for young people, whose policies increase by 13.2% and reach 12,741 million”, they add from the department directed by María Jesús Montero. Among the measures specific to this group in 2023 is the extension of the 250 euros of the youth rental voucher or the extension of the 400 euros of the youth cultural voucher for people who turn 18 in 2023.
The budgets also incorporate an increase in Minimum Vital Income (IMV) of 8.5%revaluation that will reach 1.2 million people, as well as the increase in the amount of the contributory benefit for unemployment of the 50% to 60% of the regulatory base after 6 months. The Government estimates that around 300,000 unemployed will be able to receive 100 euros more on average per month.
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