Oireachtas Joint and Select Committees

Wednesday, 5 July 2023

Committee on Budgetary Oversight

Sovereign Wealth Funds: Discussion (Resumed)

Photo of Barry CowenBarry Cowen (Laois-Offaly, Fianna Fail) | Oireachtas source

I thank Mr. McGann. He has outlined in plain terms what the country faces regardless of the windfall taxes. It is ominous that there will be two people working to support one person over 65 years, where there are four today. It is a 50% decrease. Are there figures for the increase in the over 65s? Is there any projection there for the ratio of supports? The ratio of workers is going from four to two but the numbers living beyond 65 years will greatly increase again in 2050 just as it has increased in recent years.

Comments

No comments

Log in or join to post a public comment.