The main source of financing for Social Security is income from contributions from workers and companies and thanks to them, pensions, disability benefits, unemployment, maternity and other aid are reinforced. Therefore, this growth is important for the coffers of our protection system. The accumulated data until September of this year indicate that they have increased by 6.8% year-on-year, reaching 132,085 million euros, 8,391 million more than the previous year.
The income corresponding to the Intergenerational Equity Mechanism (MEI), in force since January 1, 2023, registered a year-on-year increase of 32.6%, reaching 3,658 million euros that feed the Social Security Reserve Fund.
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According to the latest data from Social Security, taking as a reference the data from the last year that was not affected by the pandemic, that of 2019, the increase in contributions is 39,478 million euros, 42.6% more. The comparative monthly analysis shows that in September, fee income was estimated at 14,837 million euros, 4,466 million euros more than the same month in 2019.
A surplus of 6,008 million euros
As a whole, the Social Security accounts present a positive balance, as of September 30, 2025, of 6,008 million euros, compared to the 633 million euros of positive balance obtained on the same date in 2024, almost ten times more. These 6,008 million are the result of the difference between what was received and what was spent: recognized rights (income) from non-financial operations of 176,960 million euros, which represents an increase of 9.6% and recognized obligations (expense) of 170,952 million, which grow by 6.3% year-on-year.
For its part, the data until the month of August, the latest data available, show a positive balance of 7,517 million euros for the Social Security Funds, which include, in addition to the Social Security system, the data from the Spanish Public Employment Service (SEPE) and the Salary Guarantee Fund (FOGASA).
In cash terms, that is, the real movements, the system’s net collection reaches 175,124 million euros, 9.5% more than the previous year, while payments rose 6.3%, reaching 170,790 million euros. In this sense, a surplus is also demonstrated.
Non-financial income: 176,960 million euros
In these nine months of the year, social contributions amount to 132,085 million euros, which represents an increase of 6.8% compared to the amount received in the same period of fiscal year 2024, 8,391 million euros more.
A behavior that is driven by the evolution of the contributions of employed persons, which experienced a year-on-year increase of 6.8% to reach 124,670 million euros, 7,928 million euros more than in the previous year). Within these, the evolution of these by regime stands out. The General Regime does so with a cumulative amount of 101,805 million euros and the special regimes—Self-Employed, Sea and Coal Mining—with a global amount of 9,464 million euros.
Unemployed contributions are estimated at 7,415 million euros, which represents a year-on-year increase of 6.7%, 463 million euros more than the previous year, in absolute terms.
The transfers received by Social Security amount to 42,805 million euros. The most significant item corresponds to those contributed by the State and Autonomous Organizations, which add up to a total of 38,927 million, 20% more. This increase has its origin in the advance payment of own resources to guarantee compliance with the First Recommendation of the Toledo Pact compared to the previous year, which translates into 4,854 million euros more than in the same period of the previous year.
Non-financial expenses: 170,952 million euros
Regarding spending, economic benefits to families and institutions reached 160,984 million, 6.6% more than in the same period of 2024. This figure represents 94.2% of the total disbursement made in the Social Security system.
The largest item, 147,244 million euros, corresponds to pensions and contributory benefits, with an increase of 6.2% compared to the same period of the previous year. In a detailed analysis of the contributory area, spending on pensions (permanent disability, retirement, widowhood, orphanhood, in favor of family members and contributory pension supplements to reduce the gender gap) increases by 5.7% to 129,932 million euros, due to the increase in the number of pensioners, 1.6% more, the increase in the average pension by 4.5%, as well as the general revaluation of the 2.8% of contributory pensions in fiscal year 2025.
Regarding temporary disability subsidies, total spending increases by 11.9% compared to the same period of the previous year, reaching 13,319 million euros. Benefits for birth and care of a minor, co-responsibility in the care of the infant, risk during pregnancy and during breast-feeding, and care for minors affected by cancer or another illness also rise, up to 3,426 million, 6.5% more.
Non-contributory pensions and benefits, including minimum supplements for contributory pensions, reach 13,740 million euros, 11.3% more than in the same period of the previous year. This increase is fundamentally due to the general revaluation of 9% established for fiscal year 2025.
Of this amount, a minimum of 8,784 million is allocated to non-contributory pensions and supplements, 10.5% more, and 4,957 million to subsidies and other benefits, 12.7% more, of which 4,656 million euros correspond to Minimum Living Income and family benefits, 13.6% more than the previous year.
Social Security has improved its accounts to date, thanks to increased contributions and support from the State. The system achieves a record surplus with more income and controlled spending, so that the result is the reinforcement of the pension fund and the guarantee of payment of aid to millions of people.