The Independent Authority for Fiscal Responsibility ensures that pensions are one of the main elements of the long-term increase in government spending, especially from 2035 until reaching a maximum of 16.3% of GDP in 2049.
Euskaraz irakurri: Pension erreformak 1.1 points handituko du defizita 2050ean, AIReFen arabera
The Independent Authority for Fiscal Responsibility (AIReF) calculates that the pension reforms implemented between 2021 and 2023 will increase the government deficit by 1.1 points of GDP in 2050 and by 1 point in 2070.
The president of AIReF, Cristina Herrero, explained this Friday in a meeting with the media that these calculations are due to the fact that the measures to increase incomes envisaged by these reforms, which amount to 1.3% of GDP, “are not can offset the increase in expenditure, which will rise to 2.4% and 2.3% in 2050 and 2070 respectively”.
Pensions are one of the main elements of the long-term increase in public expenditure, especially after 2035, reaching a maximum of 16.3% of GDP in 2049 (14.8% excluding pensions). class pensions) before falling to 13.4% in 2070 (13.9% excluding non-contributory and passive classes).
Source: EITB
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