the deficit will reach 18.5 billion euros in 2024 and could rise to 28.4 billion in 2025

the deficit will reach 18.5 billion euros in 2024 and could rise to 28.4 billion in 2025
the deficit will reach 18.5 billion euros in 2024 and could rise to 28.4 billion in 2025


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The deficit of the basic schemes and the Old Age Solidarity Fund (FSV) could reach this amount in 2025, without corrective action from the government.

It’s even worse than expected! While the Social Security deficit was forecast this year at 10.5 billion euros, then at 16 billion in June, it will finally reach 18.5 billion euros, according to the latest report from the Accounts Commission of the Social Security that Le Figaro was obtained. Worse, in 2025, “before the intervention of new revenue and expenditure measures, the deficit of the basic schemes and the Old Age Solidarity Fund (FSV) could reach 28.4 billion euros. It would then represent 0.9 point of GDP, after 0.6 point in 2024 and 0.4 point in 2023», Underlines the document. The sharp deterioration in the deficit compared to 2024 (i.e. an increase of 9.9 billion euros in the deficit) would result from an increase in expenses (+ 3.8%) that is significantly stronger than the slower increase in income (+ 2.3%).

In 2024 and 2025, as in previous years, the deficit is mainly borne by the sickness and old-age branches of the general scheme, and by the National Retirement Fund for Agents of Local Authorities (CNRACL), which manages the pension scheme. territorial and hospital officials. In 2025, the CNRACL deficit would reach 4.8 billion euros – before the increase in employer contributions planned in the PLFSS, which would provide 2.3 billion euros -, after 3.4 billion planned for 2024 and 2, 5 billion recorded in 2023. This deficit, which has continued to grow since its appearance in 2018, is of a structural nature: it is linked to the increase in the number of retirements, while that of new members stagnates or decreases. Without corrective measures, a recent report from ministerial inspections (IGAS, IGF and IGA) warned that the CNRACL deficit could exceed 11 billion euros in 2030.

Evolution of the balances of the basic social security schemes and the FSV 2002-2025
Social Security Accounts Commission – October 2024

In 2025, the deficit of all basic old age schemes and the Old Age Solidarity Fund (FSV) would deteriorate sharply, to the tune of 4.7 billion euros, reaching 10.3 billion. As for the deficit in the health sector, it would continue to widen to 18.7 billion euros, before PLFSS measures. The increase in spending would thus continue to exceed economic growth, in other words the capacity of the economy
French government to finance social security at a constant rate of public contributions.


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