(EDS: reissuing to add figure reference, info in 1st point)
INTERGENERATIONAL REPORT'S KEY FINDINGS:
* In 2054/55 there will be about 40,000 people aged over 100 years in Australia, compared to just 122 in 1974/75 and around 4,000 now.
* The number of people aged over 65 is expected to double.
* The number of people of traditional working age (15-64 years) is expected to fall from 4.5 for every person over 65 to 2.7 people.
* The population will be 39.7 million versus 23.9 million.
* Average economic growth is expected to slower over the next 40 years than the past 40 years - 2.8 per cent vs 3.1 per cent.
* Under current government legislation the budget deficit would 6 per cent of GDP in 2054/55 vs 3.1 per cent ($48.5 billion) in 2013/14.
* Under a "proposed policy scenario" the Abbott government expects to improve the budget bottom line to a sustained surplus from 2019/20.
* Government debt under current legislation would be 60 per cent of GDP, but under "proposed" policies it would be zero by 2031/32.
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