The government says it is willing to make 'difficult decisions' to deal with the challenges and financial pressures that come with an ageing population.
There are warnings Australia's ageing population will place a greater burden on taxpayers.
Australians will live longer and enjoy better health in decades to come - but this will put pressure on government finances and the care system, according to a new report. The government has signalled it's willing to make "difficult" budget decisions to deal with the potential pressures, amid warnings the ageing population will place a greater burden on taxpayers.The 2023 Intergenerational Report will be released on Thursday and will be the fifth of its kind.The reports examine factors impacting the workforce and productivity and make projections about the next 40 years.
The report will also show that in the decade to 2020, the nation experienced the slowest productivity growth in 60 years.Treasurer Jim Chalmers said the federal government was aware of changes in the economy and society, and is willing to make difficult decisions."We've shown and demonstrated a willingness and an ability to make difficult decisions to put the budget on a more sustainable footing," he told reporters in Canberra.
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