The PSOE admits that pension spending needs revisions: "We have to see if we do our homework well"

The first vice president and Minister of Economy, Carlos Body, has guaranteed that if the PSOE governs, pensions will be revalued with the CPI, but has admitted that spending in the system needs periodic reviews to know if adjustments are needed in income or expenses.

It is one of the conclusions that Body left this Friday in a four-way economic debate in La Sexta, where the Minister of Social Rights and Consumption, Pablo Bustinduy (Frente Amplio), also participated; the Deputy Secretary of Finance of the PP, Juan Bravo; and the economic spokesperson for Vox, José María Figaredo.

During the debate, both Corpus and Bustinduy have repeatedly committed to guaranteeing that pensions are revalued with inflation. Bravo and Figaredo have also promised to revalue them, only the latter has said that right now they are "unsustainable", largely according to him because of immigration.

During his turn to speak, Bravo put on the table one of the clauses included in the last reform of the system approved in 2023. Specifically, the one known as the safeguard clause, which is a mechanism that monitors whether pension spending deviates from what was agreed with the European Commission and activates adjustments if spending grows above 13.3% of GDP. The body in charge of analyzing this expense is the Independent Authority for Fiscal Authority (AIReF) and it does so every three years.

In the debate, Bravo has shown a cardboard with this clause and has asked Carlos Body if this is true and if adjustment mechanisms can be activated to guarantee the disbursement of pensions. And Corpus has responded: "What the law guarantees is the sustainability of pensions. Every three years we have to see if we are doing our homework correctly." Of course, the vice president recalled that AIReF carried out a first examination and saw no need to introduce measures because the permitted expenditure was not exceeded.