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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

Stocks in this article: ACN

Image with caption: "Public Service Expenditure by 2025 by Country in U.S. Dollars and Local Currency (CNW Group/Accenture)". Image available at: http://photos.newswire.ca/images/download/20121113_C7277_PHOTO_EN_20520.jpg

Image with caption: "The current trajectory of Canadian spending on public services could total an additional $93 billion or US$90 billion by 2025. The current trajectory for public service delivery expenditure reflects government spending and economic growth, which consider existing and planned austerity measures and assumes that governments revert to a more sustainable level of spending relative to GDP by 2025. (CNW Group/Accenture)". Image available at: http://photos.newswire.ca/images/download/20121113_C7277_PHOTO_EN_20522.jpg

Image with caption: "Canadian public-sector labour productivity - a measure of value added to an economy per given labour input - has decreased 0.2 percent per year, on average, since 2001, well below productivity growth seen among the private services sector at 1.1 percent. (CNW Group/Accenture)". Image available at: http://photos.newswire.ca/images/download/20121113_C7277_PHOTO_EN_20524.jpg

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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