Senior officials and politicians from across government departments, the Central Bank and the NTMA met at the Central Bank this week for a conference on the topic of “future-proofing Ireland’s public finances”. The problem, as outlined by the Irish Fiscal Advisory Council’s chief economist Eddie Casey, is demographic. By 2050, the proportion of the population that is past retirement age will increase from 22 per cent today to over 40 per cent. Caring for these people will be costly. The solution, as outlined by the officials and seemingly agreed on by most in the room, is to take Ireland’s windfall…

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