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Wednesday 17 March 2010

Demographic Time bomb

Bulgaria is probably worse affected by changing population than many other countries.By 2025 there will be 1.5 million less working people than in 2000.This is partly due to emigration and partly due to an ageing population.

The impact of these changes on public services will be massive.The health service will be put under enormous pressure and the state will struggle to raise sufficient revenues.Society will become more dependent on the millions sent back by the Bulgarian diaspora.

The government is trying to address the issue by trying to set up schemes to keep the over 65's economically active but as the Finance Minister has pointed out when there is 19% unemployment among the non retired it is a bit difficult to justify.

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