The debt to social security funds amounts to 18.3 billion euros, including those that were included in some form of liquidation, but which ended up being the failure to pay monthly instalments or current contributions on time, which led to their loss.
Of the €26.09 billion already paid off, 70.14% are no longer in the process. According to official data, the total debt amounts to €47.88 billion, while €18.3 billion (38.22%) were initially included in a settlement programme but were never collected because the debtors did not meet the required conditions.
The program has so far generated revenues of €3.25 billion, an amount equivalent to 6.78% of the total debt. At the same time, there are still another €4.53 billion (9.46% of the total) that are under some kind of agreement and remain to be collected, provided debtors continue to pay their monthly installments on time.
The largest debt amount in the 120-installment debt settlement program
Based on official data, the largest amount of debt (1.71 billion euros) that is in some form of settlement was included in the 120 payments. This is a regulation that is not in force, but was instituted five years ago (Law 4.611/2019). However, there are still 138,968 active debtors, who, in addition to the monthly payments, also pay the current insurance contributions on time, in order to keep their regularization in force. In this way, on the one hand, they reduce (albeit at a slow pace) their debt to social security funds, on the other hand, they do not create new debt, which could trigger additional problems for the viability of their business.
To date, this debt settlement has generated revenue of €767,900,067 from 180,617 debtors who have completed the process either by paying all instalments or by paying the debt in full. At the same time, however, €3.08 billion has also been lost, as 287,787 debtors have not complied with the conditions that had been established. Thus, of the €5.56 billion that were initially included in the debt settlement in 120 instalments, an amount corresponding to 13.79% has been collected, an amount equal to 30.76% is pending collection, while an amount equal to 55% has been collected outside the process, 43%, or more than half.