Can Spain afford its pensions? What to know about the funding debate ahead of the election
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Spain’s pension system is not bankrupt, but increasingly relies on state funding. Social Security ended 2025 with a deficit of 0.4% of GDP after €47.8 billion in state transfers. Research institute Fedea puts the underlying deficit, excluding those transfers, at 4.15% of GDP.
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- https://www.euronews.com/2026/10/19/pensions-become-key-issue-in-spains-election-campaign-are-they-going-bust
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- 19/10/2026 03:53 UTC
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- 19/10/2026 04:39 UTC
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