Elma Saiz responds to the OECD that the Spanish pension reform is "sustainable and balanced"

MADRID, 15 Dic. (EUROPA PRESS) -

The Minister of Inclusion, Social Security and Migration, Elma Saiz, defended this Friday that the pension reform approved by the Government in the previous legislature is "sustainable, balanced and sufficient."

Saiz, in statements on TVE reported by Europa Press, has responded in this way to an OECD report published this week which warns that the reform undertaken in Spain between 2021 and 2023 will mean a greater increase in expenses than the expected growth in income, aligning with the approach of the Independent Authority for Fiscal Responsibility (AIReF) in warning of an increase in the deficit of 1.1 percentage points by 2050.

The minister has stressed that Spain "is an example in spending and social protection in pensions", but also in income, since the reform "feeds them" to fill that pension piggy bank with measures such as the Intergenerational Equity Mechanism or such as the labor reform, which has implied "structural" changes in the labor market, favoring collection by quotas.

"The pension reform guarantees spending, but it also feeds the income side," insisted Saiz, who recalled that this reform has the endorsement of Europe and the endorsement of parliamentary groups and social agents.