Oireachtas Joint and Select Committees
Tuesday, 8 December 2020
Committee on Budgetary Oversight
Post-Budget Analysis: Irish Fiscal Advisory Council
Patricia Ryan (Kildare South, Sinn Fein) | Oireachtas source
My thanks to Mr. Barnes for that. I am aware of my time. The council has stated that spending on pensions and healthcare would increase from 13.3% of GNI* in 2019 to almost 25% in 2050. The council maintains this forecast is based on a no-policy-change basis. We know that employers' PRSI contributions in Ireland are low by EU standards. We also know it is likely they will be increased in the years ahead, thus improving fiscal sustainability. Has the council made any assessment of the potential increase to sustainability from great employers' PRSI contributions? How could they be used in the offset to increase the pension age?
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