We expect spending on old age security and the guaranteed income supplement to rise significantly over the next couple of years due to two main factors. The first is demographics: As the population of those aged 65 and over grows, that will increase the population eligible for these two programs. Second is inflation, obviously. There's a third factor that contributes to the growth in expenditures for old age security and the guaranteed income supplement, and that's the top-up for those aged 75 and over, which the government recently introduced. These three factors are driving growth in expenditures on old age.
