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

Author

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  • 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

  • Joaquim Vieira Ferreira Levy, 1995. "The Spanish Social Security; Prospects of the Pension and Health-Care Systems," IMF Working Papers 95/73, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:95/73
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