POLITICS● ELEVATED1h ago · Oct 19, 2026, 3:53 AM
Can Spain afford its pensions? What to know about the funding debate ahead of the election
EuroNews [en] · western europe
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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