During the COVID-19 pandemic, the Bulgarian authorities increased pensions substantially to support pensioners’ living standards and aggregate demand. These increases have become permanent and improved the adequacy of pensions. However, not matched by revenue measures, they have widened the deficit of the pension system. Reforms that increase the incentives to contribute to the pension system and thus revenue would improve the financial sustainability of the pension system and reduce fiscal risks.
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이전글 | [보건] Decreasing incidence and mortality of lung cancer in Hungary between 2011 a... | 2024-06-14 |
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다음글 | [경제] Bulgaria: 2024 Article IV Consultation-Press Release | 2024-06-21 |