Oireachtas Joint and Select Committees

Wednesday, 24 May 2023

Committee on Budgetary Oversight

Sovereign Wealth Funds: Discussion

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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I am looking at the report of ageing from the Department of Finance, which refers to the period up to 2050. I mentioned a 30-year horizon. The report puts pensions at 7.5% of GNI*, healthcare at 5.1%, long-term care at 2.4% and education at 3.2%. Even if we project it out to 2070, pensions would be the largest component, but the other three components are actually greater than pensions.