Monday, June 8, 2015

The Social Security deficit is expected to narrow in 2015 – BBC

It should reach 13 billion euros, a figure improved by € 400 million from the budget. The health insurance industry, however, remains on a trend “worrying” by widened further than expected.

The social security deficit is expected shrink in 2015, widening to 13 billion euros, a figure of 400 million improvement compared to the budget, the report of the Commission on Social Security accounts (CCSS), to be presented Monday at the Health Minister, Marisol Touraine, and the Secretary of State for the Budget, Christian Eckert.

In detail, the deficit of the general scheme (sickness, old age, family, work accidents) would remain below the 10 billion to 9.5 billion euros. The overall deficit would reach 13 billion with the Old Age Solidarity Fund. But health insurance remains on a trend “worrying”, with 7.2 billion euros of deficit, more than expected in the 2015 budget, the report seen by AFP.

Commission underlines that “the improvement of the balance of the general scheme resulting from contrasting developments in the branches.” Thus, “the health branch would see its situation deteriorate to 0.6 billion euros, due to a faster growth in its spending (+ 3.2%) than revenues (+ 3.0%) “. “Conversely, the branch of the general pension scheme deficit would be reduced from 400 million to 0.8 billion, its lowest level since 2004,” the report said.

“Strongly affected” by the implementation of the Responsibility Pact, the family branch would see its deficit widen to 2 billion euros, or 300 million euros less than the target contained in the budget. The charges of the branch would slow due to lower spending benefits. Two reasons, low inflation and savings measures taken in 2014 and 2015.

AT-MP branch (occupational accident) she would remain in surplus of € 500 million, despite a slight reduction. The deficit of the old age solidarity fund (FSV), would widen to -3.6 billion, registering a decline from 700 million euros compared with government forecasts.

(AFP)

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