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Ireland's lower public spending may rise due to an aging population, warns fiscal council.
Ireland's young population keeps public spending lower than in other European countries, but the Irish Fiscal Advisory Council warns that expenses on pensions and healthcare will rise as the population ages.
Currently, Ireland spends 3.3% less of its national income on public services and collects 4.7% less in revenue per person than other European countries.
The government has established savings funds to help cover future costs, but additional revenue or reallocation of spending may be necessary to handle rising expenses due to an aging population and climate change.
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El menor gasto público de Irlanda podría aumentar debido al envejecimiento de la población, advierte el Consejo Fiscal.