The increase in prices announced yesterday by surprise in the presentation of the General State Budgets for 2023 has caused strong discomfort in the business association,

which has described it this morning as "unpresentable".

For CEOE it is "inadmissible" that the Government "unilaterally and behind the back of social dialogue", has raised the maximum contribution bases by 8.6%.

This increase is included in next year's PGE and was confirmed yesterday by the Minister of Finance,

María Jesús Montero

, who pointed out that the maximum bases would increase "in the environment" of the revaluation of pensions, 8.5%.

"Business organizations want to emphasize that there is a specific table with social partners to deal with this issue, and that it met for the last time last Monday without being told anything about this matter, with which the decision adopted is unpresentable

and devalues ​​the social dialogue

", the business organization said in a statement.

The table to which the businessmen refer is that of the pension reform,

convened by the Minister of Social Security, José Luis Escrivá.

After the "unilateral" decision of the Government, the hypothetical support of the businessmen remains in the air for an income pact invoked by the president last May and that until now has been ruled out by both the employers and the unions.

"In a context in which the Government insists on the social agents to agree on an income pact, it is not understood that the Executive itself makes unilateral decisions on aspects that substantially affect it," denounces CEOE.

The budgets presented yesterday by the Government have "social protection" as their main argument.

To finance spending on pensions, subsidies and aid,

the income generated by social contributions in 2023 will grow at a much higher rate than employment

and will reach 152,075 million euros, which represents an increase of 11.5%.

This large sum of money

will cover 74.5% of the

total Social Security budget, the body that manages the vast majority of benefits, subsidies and State aid.

More than the evolution of employment, the key that explains the good health of collection is the rise in contributions, as recognized by the Government itself.

"This growth is influenced by the increase in the maximum contribution bases and by the current economic growth framework," explains the Government in the PGE itself.

The largest item will correspond to the subscriptions of companies and employed workers

, which represent 94% of income from social contributions and which, despite the weak growth in employment, will grow by

16,000 million next year to set a new historical record

in the organism.

This is a high figure, enough to cover practically the entire cost of the controversial revaluation of pensions with the CPI.

The maximum contribution base of the General Scheme will thus go from 4,139.4 euros per month to 4,495.4 euros.

The measure advances the

unstopping

of the maximum pension

, one of the legs of the labor reform that the Government is currently negotiating with the social agents with a view to approval before the end of the year.

In addition, the system will launch a new contribution system for the self-employed based on their net income, which is added to that of the finalist additional contribution to nurture the reserve fund established by the

intergenerational equity mechanism (MEI) from 2023 to 2033.

The MEI implies

a 0.6% increase in the contribution

that is used to fill the emptied Pension Reserve Fund.

It begins its activity in 2023 as another of the reforms of the system, although this time without the support of the social agents and with the doubts of the European Commission, which does not believe that it guarantees financial balance.

In the first of its 10 years of expected validity,

the MEI will collect 2,793 million euros.

Probably in the coming weeks the Government will be forced to rethink it to extend it over time.

On the side of the minimum bases,

an increase in contributions is also foreseeable derived from the increase in the Interprofessional Minimum Wage (SMI

), which should be negotiated as of December.

After this disagreement, it will be difficult for the Government to find support from the employers.

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