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Spanish Prime Minister Pedro Sanchez announced that his government would introduce a new tax for banks. The funds thus obtained are used to finance the pension fund. The debt of the Spanish social security institution had risen to nearly 27.4 billion euros last year.
The PO wants to dismantle its pension reform. ZUS money will go back to OFE
Reconstruction of the capital's pillar – this is the main goal of the project of changes in the pension system that PO politicians announced on Thursday. They propose, among others ….
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– We will impose a tax on the financial sector to supplement social security contributions and support the public pension system – Sanchez told parliament. He felt that the solution proposed was to increase the dignity of the elderly. He did not give details.
Sanchez, a socialist who has been leading the country since June 1, told MPs that the problem of pension funding was one of the "most important challenges" facing Spain. The Prime Minister puts him on par with the problem of unemployment and trends of Catalan independence.
The head of the Spanish government noted that Spain, like other Western countries, is struggling with the problem of an aging society.
– In 10 years in our country, the number of births has decreased by at least 25%. Sanchez continued. He noted that the introduction of a new tax is not enough to completely solve the pension problem.
AFP notes that the previous government, led by Mariano Rajoy, has struggled in recent months with mass protests by pensioners demanding increased benefits. To withdraw its pensions in 2017, the Spanish government had to grant a social security loan of 10 billion euros. The debt of this institution at the end of last year rose to nearly 27.4 billion euros.
Due to the aging of the population within 10 years, budgetary appropriations for the payment of pensions increased in Spain by 21.6%. up to 29 percent
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