declining Spanish population is confirmed and growing fears about the sustainability of the pension system The National Statistics Institute (INE) yesterday consolidating municipal census data, which show a reduction of 0.3% in the Spanish population January 1, 2013, the first since 1998 when these statistics began to be developed. In all, at that time Spain had 47,265,321 registered with, ie, 135,538 people registered less than 1 January of the previous year. 01/01/14 11:24 a.m. | Print | Email (Agencies / InfoCatólica) The National Statistics Institute (INE) yesterday consolidating municipal census data, yielding a reduction of 0.3% in the Spanish population to January 1, 2013, the first since 1998 when these statistics began to be developed. In all, at that time Spain had registered with 47,265,321, of which 23,196,386 are male and 23,933,397 are women, ie less than 135 538 inhabitants registered on 1 January last year. In 2012, only eight of the 50 Spanish provinces and two autonomous cities showed a positive balance, including Guipúzcoa, whose registered population grew by 0.24%, Las Palmas, with 0.28%; Zaragoza, with 0, 05%; Ceuta, with 0.19%, and Melilla, the highest growth in 2012, with 3.56%. Gerona, meanwhile, remained as it was last year. In contrast, the figure fell registered in the rest of the country. The largest declines occurred in the provinces of Cuenca, which lost 2.81% to its neighbors; Zamora, down 1.74%; Salamanca, with 1.43%; Ávila, with 1.42% and Soria, where the number of registered voters was reduced by 1.3%. In the last 15 years the increase of population in Spain had been driven mainly by the entry of foreigners, whose numbers rose from 923,879 in the year 2000 to 5,747,734 in 2010. However, in recent years this trend has been changing, so much so that in 2011 and 2012 the net enrollment of foreigners were negative (less than 15,229 and 216,125, respectively). So I picked up the provisional Census breakdown by nationality INE published in April, figures which are consolidated on 17 January. Bankruptcy pension The European Commission has been warning of the unsustainability of the pension system and the need to go delaying the retirement age in all countries or reducing the amounts of pensions. In this context, countries have begun to legislate to make the system so that now most Europeans begin to stop working at age 68 from 2027 and until then, will go some way delaying more sustainable progressive retirement age to go slowly bringing it closer to the above 68, while reducing the amounts. Many European countries have linked the retirement age to life expectancy. These are Denmark, Greece, Italy, Slovakia, Cyprus and the Netherlands, according to the “Economic Papers 512” report released this December by the European Commission. Notable cases of France, despite the opposition of the gala public opinion, the government legislated by decree and has delayed the minimum retirement age from 62 to 67 years. In Italy, despite changes in government, he finally has a pension indexed to life expectancy, which shall be reviewed every three years. In the case of Spain, in 2012 an increase of pension expenditure equivalent to 3.6% of GDP until 2060, one of the highest in the EU in relative terms, surpassed only by countries such as Luxembourg and Slovenia are expected , with 9.4 and 7.1% respectively. Brussels calculate adjustments are approved for the Spanish pension system, and its phase delay in the retirement age to 67 by 2060, will mean a saving equivalent to 0.8% of GDP. In any case, the European Commission has calculated a “convergence scenario” in which spending on pensions in Spain could increase by up to 2.5 percentage points of GDP by 2060, 1.1 percentage points less than what was estimated in 2012 before of reforms. Another link simulations Brussels is the amount of pensions to longevity, or what is the same, more life years less pension amount. The European Commission states in that report “Economic Papers 512 ‘which, despite all the changes that are occurring in the system,” to stabilize public pension expenditure are needed many more reforms in most countries, this case by way of defining who will in the future be entitled to a State pension (contributory years, etc. ..) as well as the level of generosity of the same, especially in the case of early retirement with a pension ‘.



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