Catalan Fiscal Deficit with the Social Security System 2006-2007

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Catalan Fiscal Deficit with Social Security System 2006-2007

Source: Fundació Catalunya Estat.

Date: 2009.

Published in: News & Politics
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Catalan Fiscal Deficit with the Social Security System 2006-2007

  1. 1. Catalan Fiscal Deficit Social Security System
  2. 2. Plundering the Catalan pension system Period 2004 – 2007 + €90bn  23.9% of all State, has been paid by Catalonia - €76bn  20.6% received by the Catalan pensioners -------------- - €13bn -------------- This is the ruin of Catalans (Source: Cercle d’Estudis Sobiranistes. Elisenda Paluzie 2009) 28
  3. 3. Contributions to the Spanish pension reserve fund Period 2004 - 2007 7,1 million of Catalans contribute €13bn Spain 25,6% The Spanish, that are 38,5 million inhabitants, only contribute €4,5bn Catalonia 74,4% We are the ones that finance pensions for the Spanish, that they cannot sustain (Source: Escanyar els pensionistes. Alfons López Tena. AVUI Diàleg 28.06.2009) 29
  4. 4. How our pensions could be improved?  With our own State we could use the €13bn (2004-07) in the following way: 1. Increase general pensions by 25% €175 per month x 14 payments = €2,450 each year 2. Lower contributions from companies and workers by 14.7% while maintaining current pension. 3. Create a reserve fund to cover future pension shortfalls. (Source: AVUI – Diàleg: Escanyar els pensionistes. Alfons López Tena 28.06.2009) 30
  5. 5. Contributory pensions in Spain In Catalonia pensions are too low in relation to our cost of living  Pensioners: ● 25% receive less than €500 a month. ● Another 50% between €600 and €800 a month. ● Only 25% exceed €1,000 monthly.  It does not take into account the cost of living. Catalunya 74,4% (Source: Expansión - Economía y Política 6.07.2010) 31

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