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NS child killer Penny Boudreau and the path to eventual release | SaltWireDUBLIN - Ireland detailed on Tuesday how it intends to turn some of the healthiest public finances in Europe into a 100 billion euro sovereign wealth fund to ease future healthcare, pension and climate costs linked to its growing and aging population.
The country's finance minister has said that investing much of that windfall rather than adding it to already generous annual budgets is a"once in a generation opportunity" to make the nation's finances safer.
The proportion of Irish people aged 65 and over as a share of the working age population is set to rise to 46% in 2050 from 25% in 2020, according to Eurostat, while Ireland's fiscal watchdog estimates that the cost of meeting climate targets in full could cost 2% of gross national income a year from 2026.
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