REFERENCE NEWS NETWORK REPORTED ON OCTOBER 21ST THAT ACCORDING TO THE SPANISH NEWSPAPER "EL PAIS" WEBSITE ON OCTOBER 19TH, AS THE LIFE EXPECTANCY OF THE POPULATION CONTINUES TO INCREASE, THE COST OF SOME PUBLIC SERVICES WILL ALSO CONTINUE TO RISE, AND THE PRESSURE ON GOVERNMENT BUDGETS WILL CONTINUE TO INCREASE IN THE COMING DECADES. ACCORDING TO A REPORT BY THE ORGANIZATION FOR ECONOMIC COOPERATION AND DEVELOPMENT, IF COUNTRIES WANT TO AVOID INCREASING TAXES, THEY SHOULD RAISE THE RETIREMENT AGE TO MATCH THE INCREASE IN LIFE EXPECTANCY AND CARRY OUT STRUCTURAL REFORMS IN THE LABOR MARKET.ACCORDING TO THE REPORT, ACCORDING TO THE FORECAST REPORT ON BUDGET CHALLENGES OF OECD MEMBER COUNTRIES FROM NOW TO 2060, THE COVID-19 EPIDEMIC HAS HAD A SIGNIFICANT IMPACT ON PUBLIC DEBT. HOWEVER, COMPARED TO THE TENSE SITUATION CAUSED BY THE CONTINUOUS AGING OF THE POPULATION AND THE RELATIVE PRICE INCREASE OF SERVICES, THE DIRECT IMPACT OF THE EPIDEMIC IS' PALE IN COMPARISON '.THE REPORT ALSO STATED THAT IT WAS RELEASED IN PARIS ON THE 19TH. THE REPORT POINTS OUT THAT WITHOUT MAJOR REFORMS, THE PROPORTION OF PUBLIC HEALTH AND LONG-TERM CARE EXPENDITURE TO GDP WILL INCREASE BY AN AVERAGE OF 2.2 PERCENTAGE POINTS FROM 2021 TO 2060. ON THE OTHER HAND, THE PROPORTION OF PENSION EXPENDITURES WILL INCREASE BY AN AVERAGE OF 2.8 PERCENTAGE POINTS.THE REPORT WARNS THAT "IF POLICIES ARE NOT CHANGED TO MAINTAIN CURRENT PUBLIC SERVICE AND WELFARE STANDARDS, WHILE STABILIZING THE PUBLIC DEBT RATIO AT CURRENT LEVELS, IT WILL LEAD TO AN AVERAGE INCREASE OF NEARLY 8 PERCENTAGE POINTS IN BUDGET PRESSURES WITHIN THE OECD BETWEEN 2021 AND 2060, AND EVEN MORE IN SOME COUNTRIESTHE REPORT SHOWS THAT IF RETIREMENT IS DELAYED BY TWO YEARS FOR EVERY THREE YEARS INCREASE IN LIFE EXPECTANCY, THE AVERAGE PER CAPITA GDP WITHIN THE OECD CAN INCREASE BY 3%, AND "THE INCREASE IN BELGIUM, FRANCE, AND SPAIN WILL REACH 5% TO 6%".