Fiscal Sustainability Report July 2012
Office of Budget Responsibility, 12 July 2012
- An examination UK’s public finances over the longer term
- Population ageing will put upward pressure on public spending
- health spending rises from 6.8 per cent of GDP in 2016-17 to 9.1 per cent of GDP in 2061-62, rising smoothly as the population ages.
- social care costs rise from 1.1 per cent of GDP in 2016-17 to 2 per cent of GDP in 2061-62.
- Annex B: discusses historic trends in health care productivity and morbidity, and the potential implications for future health spending.
