For the first time in history, pension expenditure will reach one billion euros during the year 2022. This expenditure has reached this amount due to the announced budget increases for this year. the year they have now started reaching pensioners from this month.
This year’s increase in pensions has not been isolated, so much so that this is the seventh in a row, with a 44% increase in pensions, equivalent to an increase of almost 50% in pensions. ‘what it was eight years ago.
These details were announced by the Minister for Solidarity and Social Justice, the Family and the Rights of the Child Michael Falzon. Half of the social measures planned for this year will have entered into force in January.
“It simply came to our notice then. Our policy is reaching out to the people and I cite one example of how we are helping the most vulnerable. Today we have managed to reduce by more than half those who depend on social assistance, which today fell to 6,400 from 14,000 in 2013 “, stated the Minister Michael Falzon.
