Lance Rutkin
A TOTAL of €300 million was paid to the deceased in pensions last year.
According to the National Audit Office, ‘holes and deficiencies’ have caused a €300m leak in pensions paid to the deceased.
A report released by the office claims that 30,000 officially registered deceased received pension payments in 2015.
The monthly payment to the dead totalled €25.3m.
The Organisation for Economic Co-Operation and Development’s (OECD) 2011 statistics show that Spain spent over 10.5% of GDP on pensions, well over the 7.9% OECD average.
Reports of these nature are particularly unwelcome now. Spain is in the midst of austerity measures, and faces EU sanctions over its uncontrolled deficit.
Well, I hope the dead spent wisely and didn’t squander the cash on frivolities.