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STATISTICS

GOVERNMENT EXPENDITURE ON SOCIAL SECURITY BENEFITS: JANUARY- JUNE 2020

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Copia-di-Copia-di-Industrial-Producer-PriceSpending on Social Security Benefits totalled €555.3 million during the first half of 2020, 8.5 per cent higher than the corresponding period in 2019. Both Contributory and Non-Contributory benefits reported an increase in outlay, the former accounting for €41.9 million, or 96.7 per cent, of the total rise in social outlay (Table 1).

Government spending towards Contributory Benefits amounted to €457.1 million, €13.6 million of which comprised the COVID-19 social benefits. Total Contributory spending rose by 10.1 per cent from the previous year. In addition to the COVID-19 social expenses, higher spending was reported on Pensions in respect of Retirement (€21.1 million), Widowhood (€3.4 million), Contributory Bonus (€3.1 million) and Other Benefits (€1.2 million). In contrast, lower expenditure was reported under Pensions in respect of Invalidity (€0.5 million) and Benefits in respect of Industrial Injuries and Gratuities (€0.1 million) (Table 2).

By the end of June 2020, Non-Contributory expenditure reached €98.2 million, a 1.5 per cent increase from 2019. Disability Pensions/Allowance registered the highest rise at €1.3 million, followed by Old Age Pension (€1.2 million), Child Allowance (€0.5 million), Supplementary Allowance (€0.3 million), Medical Assistance (€0.2 million), Non-Contributory Bonus and In-Work Benefit (both €0.1 million). Conversely, spending towards Total Social Assistance declined by €2.2 million (Table 3).

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