Spain. Pension spending marks a new high of 14,366 million in May, 6.1% more year-on-year
Social Security has allocated in this month of May a historic disbursement of 14,365.8 million euros to pay the ordinary payroll of contributory pensions, which represents an increase of 6.1% compared to the same period in 2025, as communicated this Tuesday by the Ministry of Inclusion, Social Security and Migrations.
This payroll incorporates the revaluation of pensions approved by the Government for 2026. In general, the increase applied is 2.7%, in line with the average CPI recorded between December 2024 and November 2025.
During May, Social Security has paid a total of 10,480,593 pensions (+1.5%) to 9.47 million beneficiaries. Of these, 6.7 million correspond to retirement pensions; 2.3 million are widowhood benefits; more than one million fall under permanent disability; 335,154 are orphan pensions and 46,794 are granted in favor of relatives.
The average retirement pension registers an increase of 4.4%
According to data from the Ministry, the average pension in the Social Security system stood in May at 1,370.7 euros per month, which implies an advance of 4.6% compared to the same month of the previous year. This average amount includes all types of pensions (retirement, permanent disability, widowhood, orphanhood, and in favor of relatives).
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