# Can Spain afford its pensions? What to know about the funding debate ahead of the election

https://mins.news/en/item/105694

- euronews, 2026-10-19 03:53 UTC
- Economy
- Original: https://www.euronews.com/2026/10/19/pensions-become-key-issue-in-spains-election-campaign-are-they-going-bust

> Spain’s pension system is not bankrupt, but it increasingly depends on state funding. Social Security ended 2025 with a deficit of 0.4% of GDP after receiving €47.8 billion in state transfers. Research institute Fedea estimates the underlying deficit, excluding those transfers, at 4.15% of GDP.