(Tiper Stock Exchange) – Contribution revenue growing, such as revenue (+8.7% on 2021) and – to a lesser extent – expenditure (+4.3% on 2021): this is the indication that emerges from the General Report 2022 of INPS nIn the reading offered by the Steering and Supervisory Board, which today approved the act, in the session which for the first time also saw the presence of Commissioner Micaela Gelera, recently nominated.
The total income of the Institute amounts to 528 billion, with an increase of 42 billion on the previous year. Contribution revenue reached 256 billion euros, marking an increase of 8.1%. Transfers from general taxation also grew (+8.9% on 2021, for a total of 157 billion), above all as a result of the introduction of the Single and Universal Allowance for children, one-off allowances (so-called bonus 200 and bonus 150) and tax relief.
Outputs are also growing (+20 billion), for a total of 504 billion. The accrual balance is therefore approximately €24 billion, with an increase of €21 billion over 2021. Economic management recorded a positive result for the year of €7.1 billion. As a result, the net equity situation is consolidated, which at the end of the year amounted to 23.2 billion euros (in 2021 it was around 10.8 billion). The Institute’s contribution credits remain high and growing, amounting to 123 billion, in significant part
to be considered uncollectible, given the average write-down percentage of 81.18%.
As regards the macro-aggregates of expenditure, that for pensions amounts to 283 billion, with an increase of 3.83% over the previous year, a percentage which incorporates the revaluation of pensions due to inflation. In 2021, moreover, spending on income support also grew by 1.6 billion – unemployment benefits, wage subsidies and sickness benefits – reaching a value of 26 billion, expenditure significantly lower than the peaks reached in the pandemic (-7.5 billion euros in 2020).
On the other hand, the change in expenditure for social inclusion is negative, which went from 36.1 billion in 2021 to 33.8 billion the following year (-6.52%), due to the contraction of citizen’s and emergency income. Lastly, the greatest percentage increase is recorded in expenditure on family support, with a leap of 79.6% (from approximately 11 billion in 2021 to over 21 billion in
2022).
“The 2022 Report confirms a substantial stability of the INPS budget and some basic trends are highlighted by the data relating to the last few years” he underlines Robert Ghiselli, President of CIV. “In particular, the incidence of spending on social benefits continues to grow, especially those in favor of families. At the same time, the Institute’s revenues see an ever-increasing importance of transfers from general taxation. Trends which, if related to the demographic, economic, social and labor market transformations of our country should lead to a reflection on the perspective of our welfare system, with the aim of reconciling the safeguarding of social cohesion with the sustainability of the social security system public, also through a qualification of the expenditure and a rebalancing of the forms of financing of the system”.
Also Pierangelo Albini, coordinator of the Economic and Financial Commission set up within the CIV, highlights how “the report can be considered positively if you look at it with respect to the 2021 Final. In particular, the increase in contribution revenue is related to the improvement in the national economic situation, which saw last year, real GDP grew by 3.7% and total employment by 3.5%. However, the need to look more carefully at the basic balance of the entire social security and assistance system which is summarized in the INPS balance is highlighted, also with a view to reducing labor costs and, above all, the need to preserve over time our public welfare”.