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The Bulgarian Pension System: Caught Between Adequacy and Sustainability Bulgaria

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...

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Bibliographic Details
Main Author: Hallaert, Jean-Jacques
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2024
Series:Selected Issues Papers
Subjects:
Tax Allowances
Labor
Pension System Sustainability
Personal Finance -taxation
Income Tax
Government Policy
Population And Demographics
Provision And Effects Of Welfare Program
Private Pensions
Population Aging
Social Security And Public Pensions
Pension Spending
Taxes
Economics Of The Elderly
Nonwage Labor Costs And Benefits
Pensions
Personal Income And Other Nonbusiness Taxes And Subsidies
Public Finance & Taxation
Economics Of The Handicapped
Expenditure
National Government Expenditures And Welfare Programs
Aging
Population & Demography
Public Finance
Non-labor Market Discrimination
Demography
Bulgaria
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:20 pages
ISBN:9798400279089

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