Minimalistic Simulation of Population Aging's Implications in the Slovak Republic

The main goal of the paper is to present transparent simulation of population's aging fiscal implications in the Slovak republic. The simulation uses projection of population aging and briefly analyses some of its aspects. It uses the number of people of each age and average government’s expenditures related to citizen of every year of age to calculate total expenditures for every year from present till 2050. The needed level of productivity of labor growth sufficient to balance budget in long run is calculated