Lance Rutkin
A TOTAL of €300 million was paid to the deceased in pensions last year.
According to the National Audit Office, ‘holes and deficiencies’ have caused a €300m leak in pensions paid to the deceased.
A report released by the office claims that 30,000 officially registered deceased received pension payments in 2015.
The monthly payment to the dead totalled €25.3m.
The Organisation for Economic Co-Operation and Development’s (OECD) 2011 statistics show that Spain spent over 10.5% of GDP on pensions, well over the 7.9% OECD average.
Reports of these nature are particularly unwelcome now. Spain is in the midst of austerity measures, and faces EU sanctions over its uncontrolled deficit.
Click here to read more News from The Olive Press.
Well, I hope the dead spent wisely and didn’t squander the cash on frivolities.