The Spanish Social Security: Prospects of the Pension and Health-Care Systems
July 1, 1995
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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.
Subject: Aging, Expenditure, Health care spending, Pension spending, Population and demographics, Social security contributions, Taxes
Keywords: Aging, Europe, expenditure-control mechanism, flat rate, GDP, government, government priority, government responsibility, Health care spending, occupational-risk insurance regime, Pension spending, purchase lists, retirement age, Social security contributions, tax, wage, WP
Pages:
40
Volume:
1995
DOI:
Issue:
073
Series:
Working Paper No. 1995/073
Stock No:
WPIEA0731995
ISBN:
9781451849400
ISSN:
1018-5941
