Pension reforms will raise the deficit by 1.1 points in 2050, according to AIReF
The Independent Authority for Fiscal Responsibility ensures that pensions are one of the key elements of the increase in public spending in the long term, especially from 2035, until reaching a maximum of pension spending of 16.3% of GDP in 2049.
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Euskaraz irakurri
Euskaraz irakurri: Pentsioen erreformak 1.1 puntu handituko du defizita 2050ean, AIReFen arabera
The Independent Authority for Fiscal Responsibility (AIReF) calculates that the pension reforms adopted between 2021 and 2023 will raise the public deficit by 1.1 points of GDP in 2050 and 1 point in 2070.
The president of AIReF, Cristina Herrero, explained this Friday in a meeting with the media that these calculations derive from the fact that the measures to increase income provided for in these reforms, which amount to 1.3% of GDP, “do not manage to compensate the increase in spending, which rises to 2.4% and 2.3%, respectively, in 2050 and 2070”.
Pensions are one of the key elements of the increase in public spending in the long term, especially after 2035, until reaching a maximum of pension spending of 16.3% of GDP in 2049 (14.8% if pensions are excluded). non-contributory and passive class pensions) and then drop to 13.4% in 2070 (13.9% excluding non-contributory and passive classes).
Source: Eitb
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