Ticking clock: Ireland's €31bn welfare bill, including €13bn for pensions, with low unemployment
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Spending on social protection in Ireland is nearing 31 billion euro. This total includes 13 billion euro allocated for pensions. The country is currently seeing low unemployment rates. There are questions about whether the system can remain sustainable once economic conditions change.
With Social Protection spending approaching €31 billion, just how sustainable will the system be when the good times end?