Lisbon, Dec. 30, 2025 (Lusa) - The Social Security surplus increased to €6.23 billion in the first 11 months of the year, growing compared to the same period last year, according to the budget execution summary released on Tuesday.

The consolidated Social Security account indicates that the balance is higher than the €4.77 billion recorded up to November 2024, according to the document published by the Budgetary Authority, a service of the Ministry of Finance that resulted from the former Directorate-General for the Budget (DGO).

Actual expenditure recorded in the first 11 months of the year was €34.70 billion, which is higher than the amount for the period from January to November last year (€32.39 billion).

Of the total expenditure, €31.553 billion relates to social benefits, of which €21.1118 billion is due to pension payments.

Expenditure associated with social action totals €3.06 billion, unemployment benefits amount to €1.54 billion and family allowances for children and young people correspond to €1.28 billion.

Social Security's actual revenue was €40.939 billion up to November, an increase of 10.1% compared to the same period last year (€3.168 billion).

The revenue includes €11.26 billion in current transfers made by the Central Government to Social Security.

Of this amount, €10.299 billion results from transfers from the State Budget, of which €8.794 billion refers to financing of the Basic Social Security Law, €1.047 billion from Social VAT, €342.8 million from bankers' pensions, €76.0 million from corporate income tax, €30.3 million from the IMI surcharge and €3.9 million from the banking sector contribution surcharge.

PCT/ADB // ADB.

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