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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dan O’Brien: The world faces a dangerous stand-off between democracy and autocracy | Business PostGreater European insecurity, changes to energy policy and a radical increase in political risk for businesses are among the long-term consequences of Russia’s invasion of Ukraine, regardless of when and how the conflict ends
Source: businessposthq - 🏆 8. / 71 Read more »
Edel Coffey: It takes courage to walk away from what you thought you wanted | Business PostMany people are shaking their heads at Ash Barty leaving tennis when she’s at the top of her game, but she’s absolutely right to put her own happiness first, writes edelcoffey.
Source: businessposthq - 🏆 8. / 71 Read more »
Smurfit Kappa to exit Russian market | Business PostThe packaging giant said its Russian business represented less than 1% of its forecasted sales
Source: businessposthq - 🏆 8. / 71 Read more »
Greencoat eyes European investments after raising €281m in oversubscribed share placing | Business PostGreencoat eyes European investments after raising €281m in oversubscribed share placing, donalmacnamee97 reports.
Source: businessposthq - 🏆 8. / 71 Read more »
Taking a stance: What we should talk about when we talk about Irish neutrality | Business PostRecent events in eastern Europe have thrown Ireland’s longstanding policy of neutrality into sharper focus, with increasingly strident elements of the commentariat claiming that the public needs to ‘grow up’ on the issue. But most of the population remains reluctant to abandon a stance that has served the country well for a century
Source: businessposthq - 🏆 8. / 71 Read more »