The total amount of reported revenues under the consolidated budget of the state social security according to preliminary data as of December 31, 2024 amounts to BGN 13,090.7 million, which represents 101.6% implementation of the plan for the year. The revenues received are BGN 1,700.8 million more compared to 2023, the NSSI announced in connection with the cash execution of the budgets of the social security funds administered by the institute by virtue of a legal delegation.
The amount of expenses incurred according to preliminary data as of December 31, 2024 is 24,615.1 million BGN or 101.1% of the plan for the year. Compared to 2023, the expenses increased by 3,005.5 million BGN.
In the structure of total expenses, the largest share is occupied by pension expenses, which amount to 21,667.8 million BGN, 100.3% implementation of the plan for the year. Pension expenses are 2,544.6 million BGN or 13.3% more than the previous year.
The average monthly number of pensioners for 2024 is 2,044,757, which is an increase of 13,566 persons (0.7%) compared to a year earlier. The average monthly pension of a pensioner for 2024 (including the so-called “Easter“ and “Christmas“ supplements) is 883.02 BGN. Compared to 2023, the average amount is higher by 98.54 BGN (12.6%).
The next most important and largest group of expenses in the consolidated budget of the Social Insurance Institution are the expenses for the payment of cash benefits and allowances under the Social Security Code, which as of December 31, 2024 amounted to 2,755.2 million BGN or 108.2% implementation of the plan for the year. Compared to the previous year, the reported expenses are 430.6 million BGN more.
The total amount of reported transfers (net) under the consolidated budget of the Social Insurance Institution as of December 31, 2024 is 11,525.2 million
Teachers' Pension Fund
The total amount of reported revenues under the budget of the Teachers' Pension Fund according to preliminary data as of December 31, 2024 amounts to 136.3 million BGN, which represents 114.6% implementation of the plan for the year. The revenues received are 27.6 million BGN more compared to 2023.
The total reported expenses under the budget of the Teachers' Pension Fund as of December 31 amount to 102.7 million BGN, which represents 97.6% implementation of the plan for the year. The expenses incurred are 15.4 million BGN. more than the previous year.
Fund “Guaranteed Claims of Workers and Employees“
Total revenues received under the fund's budget as of December 31, 2024 amounted to BGN 2,716.4 thousand, which represents 108.7% implementation of the plan for the year. Revenue received is BGN 273.0 thousand more than in 2023.
Total reported expenses of the fund as of December 31, 2024 amounted to BGN 2,035.4 thousand, which represents 42.4% implementation of the plan for the year. Expenses incurred are BGN 700.9 thousand less than in 2023. | BGNES