Public Debt Sustainability Assessment

The Public Debt Sustainability Assessment (DSA) estimates the impact of the reform on the public debt dynamic.

In all scenarios, from the most optimistic to the most pessimistic, the results of the assessment are positive.

In the long term, the implementation of the reform leads to a lower debt to GDP ratio. 

The annual gross financing needs remain essentially on the same level until 2040. After 2040 there is a slight increase in annual financing needs. However, these are greatly outweighed by the purchase of State bonds using the new Fund’s reserves.