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Social sector to increase by €123 million in 2024

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12/12/2023

The Government signed this Thursday (7 December) the new Commitment to Cooperation 2023-2024 with the Social and Solidarity Sector, which updates the financial contributions of Social Security to institutions that guarantee social responses, following the Memorandum of Understanding with the Social and Solidarity Sector, signed on 7 September.

A commitment that goes hand in hand with increasing workers' wages and inflation costs - social and solidarity sector institutions employ around 300,000 people.

The Commitment was signed in Porto by the Prime Minister and representatives of the National Confederation of Solidarity Institutions (CNIS), the Union of Portuguese Mercies (UMP), the Union of Portuguese Mutual Societies (UM) and the Portuguese Cooperative Confederation (CONFECOOP).

In the closing speech of the ceremony, António Costa stressed the role of the social and solidarity sector and the need to strengthen cooperation and partnership with the State, given the multiplicity of valences in the area of social protection.

Earlier, the Minister of Labour, Solidarity and Social Security, Ana Mendes Godinho, had already recalled that between 2015 and 2023, the Government increased annual structural investment in cooperation agreements by 760 million euros, an increase of 60%.

Source: Portugal.gov.pt