In 2013 expenditure on Social Security Benefits rose by 4.1 per cent, mostly resulting from increases in Pensions in respect of Retirement, Social Assistance and Children’s Allowance. Total expenditure on social security benefits amounted to €814.5 million in 2013, a €31.9 million rise compared to 2012. An increase was recorded for both Contributory Benefits €20.0 million and Non-Contributory Benefits €11.9 million.
Last year the outlay on social security benefits made up 11.3 per cent of the GDP. Expenditure on Contributory Benefits totalled €624.9 million in 2013, registering a 3.3 per cent increase over the previous year. A rise in outlay was recorded under Pensions in respect of Retirement €15.2 million, due to the Two-thirds Pension €23.1 million. Further expenditure increases were recorded under other Benefits €1.1 million and Pensions in respect of Invalidity €0.5 million.