Brussels urges Spain to boost savings to sustain the pension system
The European Commission places Spain as having the greatest future tax pressure of the entire EU due to demographic ageing and warns of the low current weight of employment and individual plans.
The European Commission has warned that Spain will face the highest future fiscal pressure in the EU due to demographic ageing. According to a report, Spain ranks last in the maturity of complementary pension systems and has a high potential for expansion, with a score of 80.5 out of 100. The country's public pension system will face significant financial pressure, with a score of 25.1, the highest in the EU, and a deficit of 60,000 million, which is expected to grow to over 85,000 million by mid-century.
The Commission is urging the Spanish government to boost complementary pension plans to guarantee the sustainability of the public pension system.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
