The Court of Auditors judges the “Secu” deficit unsustainable | EUROtoday

Social Security continues to slip down a really unhealthy slope. In the quick time period, the price range deficit will not be “not sustainable”even when Michel Barnier’s authorities manages to implement the saving measures it introduced originally of autumn. This is the message that the Court of Auditors delivered on Wednesday, November 6, in a written “communication” to each homes of Parliament. Coming from an establishment that has been sounding the alarm for years, the warning is no surprise, however the tone through which it’s formulated seems, this time, to be significantly alarmist.

The downside knowledge is understood. In 2024, the stability between “Secu” income and expenditure ought to be damaging at 18 billion euros, or 7.5 billion greater than what was initially deliberate within the financing legislation. adopted on the finish of 2023. According to the Court of Auditors, such a deterioration is of “unprecedented scale”leaving apart the slippages which have occurred prior to now following financial or well being crises.

The difficulties lie in two sectors of our welfare state: medical health insurance, with a “hole” prone to attain 14.6 billion euros in 2024, and the outdated age department (–5.5 billion). The different schemes (household, autonomy, work accidents-occupational diseases) are, for his or her half, barely in surplus or near the stability level.

“Too optimistic” authorities forecasts

The worsening of the scenario outcomes, partly, from poor anticipation of assets. Thus, the fraction of VAT paid to “Secu” turned out to be lower than what was anticipated. The High Council of Public Finances had nevertheless reported in September 2023 that the federal government’s forecasts have been flawed by their nature “too optimistic”. Likewise, the wage invoice, on which the contributions granted to the social safety system are calculated, has elevated at a fee decrease than the expectations of these in energy. Result: much less cash within the coffers.

The different issue explaining the drift within the deficit pertains to medical health insurance expenditure, which has, as soon as once more, exceeded the goals in 2024: it ought to improve by 4% whereas the chief was relying on a rise of three.3%. Such a niche is ” basically “ attributable to the dynamism of group care.

You have 40.25% of this text left to learn. The relaxation is reserved for subscribers.