Spending on services dedicated to families is growing

A balance the closed one of theINPSthe 2023 financial year ends with a I advance financial equal to 12 billion euros.

This is one of the salient data of general statement of the year 2023, published on May 31st.

The document provides an overview of the main ones expense items and come in into the Institute’s coffers. They increase contributory income and the institutional performanceespecially the pensionsas well as the cost ofsingle check.

In declineinstead, the income support benefits and salary supplements. The exceptions are i unemployment benefits which instead are growing compared to 2022.

Single allowance, INPS: expenses for services dedicated to families are growing

L’INPS with the Press release published on May 31, 2024 announces the closure of the balance relating to the 2023 financial year. The document, as required by law, is examined by the Steering and Supervisory Council (CIV), which will decide on its approval within 60 days, and by the Board of Auditors.

The general statement for the year 2023 in fact it shows a financial surplus of 12 billionwith an increase in contributory income of the 5.4 percent (269.1 billion euros) compared to 2022.

The greatest increase in absolute value concerns the contributions from private sector employeesbut the contributions of self-employed workers, the public sector and para-subordinate workers and freelancers are also increasing.

Also increasing pensions (is public than private), which amount to 304 billionwith an increase of 7.4 percent compared to the previous year.

The INPS general statement for the year 2023 also provides a complete picture regarding services provided to families.

In general, the expense for the family (family allowances, single and universal allowance, maternity benefits, birth allowances, nursery bonus and parental leave) stands at 23 billionrecording a growth by 12.3 percent on 2022.

The trend is mainly motivated by the provision ofsingle check. In fact, 2023 is the first year in which the measure has been paid in full following introduction in March 2022.

To this is then added the annual revaluation of the amounts payable to families, after adjusting for inflation. The total expenditure for the benefit for dependent children thus reached i 18.2 billionan increase of 42 percent.

Income support: INPS spending decreasing in 2023, but unemployment benefits increasing

Compared to 2022, however, it is in decline the expense related to income supportunemployment benefits, wage supplements, bonuses, sickness benefits, etc., with a decrease in 29.3 percent.

A decline, explains the INPS, mainly attributable to the lack of expense relating to bonus 200 euros (art 32 of Legislative Decree 50/2022) and others bonus 150 euros (DL no. 144/2022) which, overall, amounted to over 8 billion in 2022.

However, exceptions are made unemployment benefitsas NASpI and DIS-COLL, which in contrast with the rest of the data show a increase of 13.5 percent on 2022.

Finally, regarding the expenses for social inclusionthere is a slight increase compared to 2022 (+0.9 percent).

Between performance paid, social allowances and pensions, civil disability benefits, income and citizenship pension and, since September, support for training and work (SFL), the drop in expenditure relating to the citizenship income (minus 1.3 billion), which as is known was gradually reduced (the benefit was recognized to the beneficiaries within the maximum limit of seven monthly payments) until its abolition at the end of December, when it gave way toinclusion allowance (ADI)the costs of which are obviously not calculated in the 2023 report.

INPS – Press release of 31 May 2024
General report for the year 2023
 
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