Pensions Take Center Stage in Spain's Election Campaign Amid Debate Over Retirement System Funding

The debate in Spain ahead of the elections centers on the state's ability to fund pensions. Social Security ended 2025 with a deficit of 0.4% of GDP after government transfers, while the FEDEA institute estimates the underlying deficit at around 4.15%.

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• Spain's Social Security ended 2025 with a deficit of 0.4% of gross domestic product after government transfers.

  «Social Security ended 2025 with a deficit of 0.4% of GDP after €47.8 billion in state transfers.»

  Euronews on MSN • يورونيوز
• Spain's pension system is not bankrupt, but it is increasingly relying on government funding.

  «Spain’s pension system is not bankrupt, but increasingly relies on state funding.»

  Euronews on MSN
• The FEDEA institute estimates the underlying deficit at around 4.15%, which is much higher than the declared deficit.

  «تقدّر مؤسسة "فيديا" العجز الأساسي بنحو 4.15%»

  يورونيوز
• Pensions have taken center stage in Spain's election campaign amid questions about the risk of the pension system going bankrupt.

  «المعاشات تتصدر الحملة الانتخابية في إسبانيا.. فهل يواجه نظام التقاعد خطر الإفلاس؟»

  يورونيوز

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