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> Economy

Labour Ministry: Greek budget spending on pensions moves within targets

In a report, the ministry said that spending on pension payment totaled 11,510,743,370 euros, or 41.3% of total pension payment for 2014

Newsroom May 13 02:22

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Greek budget spending on pension payment moved within targets in the first five months of 2014, the Labour ministry said on Tuesday.
In a report, the ministry said that spending on pension payment totaled 11,510,743,370 euros, or 41.3% of total pension payment for 2014, slightly down from a budget target of 41.7%.

Monthly spending on pensions totaled 2,313,163,855 euros in May. The report said that the number of pensioners totalled 2,658,320 while average monthly income from pensions was 944.46 euros. The state pays a total of 4,469,871 pensions of which 11,218 to other countries’ citizens.

The state also pays 169,862 extra benefits to 161,171 pensioners, with a monthly spending of 54,214,352 in May, or a total of 273,355,319 euros in the January-May period.
The biggest number of pensions is paid in Attica (1,720,591) and central Macedonia (732,716), followed by Thessaly (309,826) and Western Greece (262,106).

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