Portugal Slots Third on the 2045 EU Pension-Spend Curve as Brussels Pegs the Trajectory at 15.1% of GDP — Working-Age Population Drop Drives the 230-Basis-Point Lift From 2025's 12.8% Base
Brussels' 3 June 2026 Country-Specific Recommendation projects Portuguese public pension spending climbing from 12.8% of GDP in 2025 to 15.1% in 2045 — third-highest in the EU. Commission criticises reform inertia and flags underdeveloped complementary pensions.
