Pension spending to peak at 17% GDP in 2040, fall from '44

(ANSA) - ROME, JUN 25 - Italian pension spending will peak at 17% of GDP in 2040 but will start falling in 2044, the state accountancy office said Tuesday.
    Spending on pensions will rise to 15.6% of GDP in 2023-24, and stay at that level until 2028, it said.
    The fall from 2044 on will be due to "a generalised application of the contributions system", the office said. (ANSA).