Ageing and Public Pensions in Portugal : A Snapshot Before the Reform

This paper reports on a simple exercise in the long-term sustainability of public finances. In particular, focusing on Portugal, it assesses the impact that an ageing population is expected to have on public pension expenditure over the next fifty years. We carry out such an exercise in accordance with demographic and macroeconomic assumptions that were commonly agreed for all EU Member States. Also, to facilitate cross-country comparability, an actuarial model of public pension expenditure was used