With regard to price stability, the 12-month average rate of HICP inflation in Croatia was 4.7%, which is below the reference value of 4.9%. In terms of fiscal sustainability, Croatia’s general government budget balance was just below the 3% deficit reference value in 2021, while its debt ratio was above the 60% reference value but on a downward trajectory.
According to the Philippine Statistics Authority (PSA), there are 7.6 million Filipinos aged 60 and above, of which only 20% are covered either the Social Security System (SSS) or Government Service Insurance System (GSIS). The harsh reality is that eight out of 10 Filipinos aged 60 and above, and in many cases, retirees do not receive sufficient pension to fully cover their living expenses.