Fiscal Challenges of Population Aging in Brazil
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Summary:
In recent decades, population has been aging fast in Brazil while old age pensions and healthrelated spending have increased. As the population ages, the spending trend threaten to reach unsustainable levels absent reforms. Increasing the retirement age is key, but by itself will not provide sufficient savings to close the pension system financing gap, and reforms reducing replacement rates are necessary. In the area of health, there is scope for improving expenditure efficiency by strengthening outpatient care and regional networks, and developing clinical guidelines for cost-effective treatments and drugs. Reforms are urgent, so that they can be gradual.
Series:
Working Paper No. 2017/099
Subject:
Aging Expenditure Health Health care spending Labor Pension spending Pensions Population and demographics Retirement
English
Publication Date:
April 26, 2017
ISBN/ISSN:
9781475595550/1018-5941
Stock No:
WPIEA2017099
Pages:
29
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