25 Jul, 2016 @ 11:03
1 min read

Spain paid €300 million in pensions to the deceased in 2015

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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.

Lance Rutkin

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