The pensioners of the Mexican Institute of Social Security and the Institute of Security and Social Services of State Workers have been the center of many decisions that have been made in recent years for the entire country, which is why data emerges that confirm that increases he budget for him pay of the IMSS Pension and ISSSTE 2024with a figure that reaches a historical maximum in this area.
The Center for Economic and Budgetary Research (CIEP) has revealed shocking data that highlights the growing weight of pensions among the priorities of the Mexican government. According to the latest CIEP projections, the planned increase in pensions for the year will raise the budget total allocated to pay of IMSS Pension and ISSSTE 2024. With these figures confirm that the pensioners They are a priority for the current administration of the country.
According to CIEP estimates, the increase projected in IMSS Pension and ISSSTE 2024 is mainly due to demographic factors, including the aging population of pensioners and the increase in life expectancy. As more people reach retirement age and withdraw from the labor market, pressure on pension systems intensifies, requiring increasing resource allocation from the government.
What is known is that the population that will demand pensions in the coming years will grow due to demographic aging, which is why the Executive Branch sent an initiative to Congress to reform a part of defined contribution pensions. Campaign promises are also being made related to the amount and minimum age to access one.
They confirm to pensioners that the budget for payment of the IMSS and ISSSTE Pension increases
According to the latest CIEP projections, the increase planned for pensioners will raise the budget total allocated to pay of IMSS Pension and ISSSTE 2024, to the figure of 1.99 billion pesos. This figure represents approximately 5.8% of the country's Gross Domestic Product (GDP), which shows the growing financial burden that the Mexican government faces in terms of social security.
The impact of increase in it pay of Pension IMSS and ISSSTE 2024 It is not only limited to the economic sphere, but also has significant social and political implications. On the one hand, the increase in budget allocated to pensions can contribute to reducing poverty among older adults and improving their quality of life. However, it also raises questions about the government's ability to fund other social programs and essential public services, such as education, health and security.
He added that by 2029, budget revenues will be at 20.8 percent of GDP. Against this backdrop, experts urge measures to address the challenges associated with the projects that confirm that increases he pay to pensioners. This includes exploring pension system reform options that promote long-term financial sustainability, such as increasing the retirement age, implementing more equitable contribution mechanisms, and diversifying funding sources.