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The Spanish Social Security: Prospects of the Pension and Health-Care Systems

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  • Mr. Joaquim Vieira Ferreira Levy

Abstract

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.

Suggested Citation

  • Mr. Joaquim Vieira Ferreira Levy, 1995. "The Spanish Social Security: Prospects of the Pension and Health-Care Systems," IMF Working Papers 1995/073, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1995/073
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