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167 new news items in the last 24 hours
Friday 15:52

Total social protection expenditures in the EU reached 4.925 billion euros in 2024, with an increase of 6.9%. Romania recorded an increase of 17.5%.

Matei Gaginsky
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International
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In 2024, total social protection expenditures in the European Union reached 4.925 trillion euros, marking a 6.9% increase compared to the previous year. These expenditures represented 27.3% of the EU's GDP, an increase of 0.6 percentage points compared to 2023. Romania is among the countries with a significant increase in social spending, recording a rise of 17.5%.


The highest expenditures as a percentage of GDP were observed in Finland (32.5%), France (31.9%), and Austria (31.8%), while Romania had a share of 17.25%, being among the lowest in the EU. Pensions for the elderly accounted for almost half of total social expenditures, followed by health expenditures. Significant increases in spending were also reported in Estonia (19.5%) and Croatia (17.8%).

Sources

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Digi24
Eurostat: România, printre ţările UE cu cele mai mari creşteri ale cheltuielilor cu protecţia socială în 2024
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Agerpres
Eurostat: România, printre țările UE cu cele mai mari creșteri ale cheltuielilor cu protecția socială în 2024
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Capital
Eurostat: România, printre țările cu cea mai mare creștere a cheltuielilor pentru protecția socială din UE

ȘTIRI PE ACELEAȘI SUBIECTE

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Current Affairs
In 2024, the share of taxes and social contributions in the EU GDP increased to 40.4%. Romania is among the countries with the lowest share, at 28.8%.
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Environment
According to data provided by the National Institute of Statistics (INS), in 2024, national expenditures for environmental protection amounted to 28 billion lei, representing 1.9% of GDP.
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Economy
The government deficit in the EU has risen to 2.9% of GDP, with Romania having the largest deficit at 8.7%, although this has decreased from 10.3% of GDP in the last three months of 2024. Public debt in the euro area has increased to 88.2%.
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International
In 2024, 17.4% of the EU population considers itself poor, a decrease from 19.1% in 2023. Greece, Bulgaria, and Romania have the highest rates.
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Current Affairs
In 2024, 26.5% of the population of Romania lived in material and social deprivation, with a major impact on elderly people and children.
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