Spain is likely to face a risk of fiscal stress in the short term, originating primarily from the fiscal side, the European Commission said in the latest Fiscal Sustainability Report released Tuesday. Full implementation of the planned adjustment would go a long way towards reducing the risk for fiscal stress, the report said. Though risks to sustainability are high also in a medium-term perspective, the risks are moderate in the long run due to low ageing costs. The Commission urged the government to focus on resolutely continuing to implement sustainability-enhancing measures that avert potential risks to fiscal sustainability from intensifying in the medium and long term. Moreover, the government debt needs to be reduced. Debt as percentage of GDP is expected to rise to 97.1 percent in 2014 from 69.3 percent in 2011. Debt is projected to rise again to 114.4 percent of GDP in 2020 and to 129.4 percent in 2030. The report noted Spain should contain age-related expenditure growth to contribute to the sustainability of public finances in the long term.