Oireachtas Joint and Select Committees
Thursday, 3 April 2014
Public Accounts Committee
2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
1:10 pm
Mr. Robert Watt:
The dependency ratio is going in one direction, unless we can increase dramatically the numbers in employment, and even with that we will see a worsening of the dependency ratio. That is driven by an increase in the number of people over 65 years of age. It will pose challenges for the public finances in terms of pensions, health care and social care costs and long-term care costs. That is a major issue.