Officials in Paschal Donohoe’s department warned that “enormous” costs associated with a rapidly ageing population were on the way with the number of those aged 65 or older set to grow significantly faster than the numbers in work. Picture: Rollingnews
Taxpayers face having to fill a potential €13 billion black hole in the public finances by the end of the decade as Ireland’s ageing population puts significant strain on the country’s economic resources and existing tax revenues ebb away, a new report has warned. The stark warning, which comes as the government last week moved to address the pensions timebomb by unveiling a new auto-enrolment scheme, was contained in a submission...
peterodwyer1 Just reduce spending. Job done.
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