The DSM plays an important role in identifying fiscal sustainability risks in EU Member States. It assesses risks in the short, medium and long term, and discusses a wide range of additional risk factors. This is an important input to the European Semester. The 2025 DSM is based on the Commission 2025 autumn forecast and incorporates the ageing cost projections from the 2024 Ageing Report. Methodological details are available in the annexes, ensuring transparency. […]