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Future Demand For Public Services, Driven By An Aging Population, Will Cost The Canadian Government An Additional $93 Billion(1) By 2025, According To New Accenture Report

The estimate of the annual efficiency savings required to close the expenditure gap by 2025 is defined as the difference between the growth rates of the demand-driven projection and of the current trajectory for public service delivery expenditure in the period 2010 to 2025.

The research also compared labour-productivity growth for the public- and private-services sectors in eight of the countries (where the information was publicly available). Labour productivity is defined as the value added contribution to an economy per given labour input (i.e. employment).

Ipsos MORI, a global market research company, conducted a survey of 5,000 people in 10 countries in February 2012 as part of its omnibus survey Global @dvisor.

About Accenture Accenture is a global management consulting, technology services and outsourcing company, with 257,000 people serving clients in more than 120 countries.  Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world's most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments.  The company generated net revenues of US$27.9 billion for the fiscal year ended Aug. 31, 2012.  Its home page is www.accenture.com.



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1 All figures in local currency unless indicated.  Currency conversions from U.S. dollars in economic modelling used 2010 conversion rates 2 http://epp.eurostat.ec.europa.eu/statistics_explained/index.php/Glossary:Classification_of_the_functions_of_government_(COFOG) 3 Public services expenditure is defined here as total government spending at the federal, state and local levels, less debt interest payments and unemployment related benefits 4 http://www.oecd.org/els/healthpoliciesanddata/BriefingNoteCANADA2012.pdf 5 http://www.cihi.ca/CIHI-ext-portal/internet/en/Document/spending+and+health+workforce/spending/RELEASE_28OCT10 6 The wealth effect is modeled by estimating the GDP increase per head and resulting effect on public sector health spending 7 Public services expenditure is defined here as total government spending at the federal, state and local levels, less debt interest payments and unemployment related benefits

SOURCE Accenture

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