The INPS Steering and Supervisory Board today approved the Institute's General Report for 2021. In the year following the most acute phase of the economic and production crisis due to the pandemic, INPS recorded the following results:
- € 2.057 million of financial surplus for the period, with an improvement of € 9.209 million compared to the deficit of € 7.152 million recorded in 2020;
- 236.893 million euros in contributions, an increase of 11.742 million (+ 5,2%) compared to 225.150 million in the previous year, a figure linked to the recovery in employment following the contraction caused by the pandemic;
- 144.215 million euros for the intervention of general taxation in support of the GIAS (Management of welfare interventions and support for pension schemes), an amount slightly lower than that of the previous year (144.758 billion euros) also due to the attenuation of interventions with causal COVID -19;
- 359.843 million euros of total institutional services, with an increase of 326 million (+ 0,1%) compared to the 359.517 million of the final balance for 2020.
- 273.959 million euros for pensions, with an increase of 4.905 million (+ 1,8%) compared to the previous year;
- 24.356 million euros for income support, with a reduction of 2020 million over 9.188 (-27,4%);
- 35.008 million euros for social inclusion (of which 8.871 for Citizenship Income and Pension), with an increase compared to the previous final amount of 3.348 million, equal to 10,6% (of which 1.673 million increase for Rdc and Pdc) ;
- 22.620 million euros for social security contributions and benefits for employment, with an increase of 5.149 million (+ 29%) compared to 2020.
- 3.699 million euro total expenses for the running of the body (net of transfers to the state budget) with a reduction of almost 21 million euro (-0,56%) compared to the previous final balance;
- 3.711 million euros of economic deficit for the year with an improvement of 21.489 million compared to the 2020 economic deficit (25.200 million euros);
- 10.848 million euros the net balance sheet at the end of the 2021 financial year, compared to a net balance sheet at the beginning of the year equal to 14.559 million euros.
The CIV positively highlights the increase in contributory revenues which, after the sharp decline recorded in 2020, exceeded the level prior to the pandemic, against a corresponding slight increase in spending on institutional services. Furthermore, the positive figure of the financial surplus for the period emerges, while the economic deficit has significantly reduced compared to the previous year. Finally, there remains a constant trend towards a reduction in shareholders' equity - now equal to 10.848 million euros - which must necessarily be contained.
For the President of the Civ, Roberto Ghiselli, “the final balance sheet 2021 confirms the financial equilibrium of the Institute, even in a phase characterized by a significant growth in the activity and services provided. In recent years - continues Ghiselli - INPS has been able to meet its commitments amid countless difficulties and in the presence of a significant reduction in staff, which went from 28.033 employees in 2017 to 24.334 at the end of 2021. The hiring of young and qualified is therefore a necessary condition to support the transformation process underway in the Institute, whose activity, especially through greater digitization of the system, must be increasingly responsive to the needs of citizens and businesses ".