Pension Reform and Fiscal Pressures: Preparation for 2030
June 29, 2026
The government is preparing for a new pension reform in light of the fiscal pressures projected by the IMF for the period 2030-2050. The aging population is expected to significantly increase spending on pensions and healthcare, prompting the government to maintain fiscal space. The reform focuses on the sustainability of the Social Insurance Fund and the connection between retirement age and life expectancy. The IMF warns of future pressures, underscoring the importance of avoiding fiscal relaxation. Accumulating financial assets in the Social Insurance Fund is suggested as a solution to meet future needs.