The Spanish Social Security: Prospects of the Pension and Health-Care Systems
Summary:
The social security system in Spain has steadily expanded since the late 1970s. Currently, social security expenditure exceeds 15 percent of GDP, being a factor of fiscal imbalance. This paper reviews achievements and the current situation of the social security system, discusses changes in the financing of health-care expenditure in view of the need for fiscal consolidation by the general government, and analyzes the scope for a partial prefunding of future liabilities of the pension system.
Series:
Working Paper No. 1995/073
Subject:
Aging Expenditure Health care spending Pension spending Population and demographics Social security contributions Taxes
English
Publication Date:
July 1, 1995
ISBN/ISSN:
9781451849400/1018-5941
Stock No:
WPIEA0731995
Pages:
40
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