The confirmation of economic growth in the third quarter of this year, combined with the (still provisional) value of November inflation, both released today by the National Statistics Institute (INE), will see the IAS rise from the current 480.43 euros to 509.26 euros. euros in 2024, according to calculations by the Lusa agency.
The annual update of the index is included in a diploma, which also regulates the update of pensions, where the rules prescribe that it is advanced on the basis of a formula that takes into account the average annual inflation of the past twelve months, without housing , verified at the end of November and the average annual growth of gross domestic product (GDP) over the past two years.
With the increase in the IAS, a number of social benefits will increase, including unemployment benefit, the minimum value of which will increase from the current 552 euros to around 585 euros, while the maximum will increase from 1,201 euros to around 1,273 euros.
If the increase in the IAS is confirmed (the final value of inflation will be published by INE on December 14), the IAS update should be slightly lower than the value indicated by the Minister of Labor when presenting the budget to the Social Security presented, within the specified period. scope of the state budget for 2024 (OE2024), due to the slight decrease in inflation.
The inflation rate that serves as a reference for these updates fell from 5.73% in October to 5.00% in November.
In addition to unemployment benefits, the IAS is also used to determine the levels for granting family benefits or to determine the maximum value of the assets of those who can benefit from Social Insertion Income (RSI) or even for the award of study grants, among other things.
Source: DN
