The Secu deficit will be reduced to 16.8 billion euros in 2022, or 3.6 billion less than planned, according to a report by the Social Security Commission of Accounts consulted this Monday by the AFP. Growth has slowed, inflation has slowed, but the South has recovered. A little thanks to the fluctuating prices, which are pushing wages up. A little too thanks to the vicious resumption of employment in 2021, which was extended to the first semester.
Result: the expected surplus of taxes and contributions (15.6 billion) will more than compensate for the new expenses (12 billion) planned for Covid, the revalization of the civil servants’ index, but also an increase of 4% of pensions and social services included in the Purchasing Power Bill, the Accounts Commission said.
The severely deficient disease branch
In the face of new rebonding in an “uncertain context” – both on the sanitary and geopolitical level – half of the abysmal record recorded in 2020 (-38.7 billion) could thus have been wiped out in two years. The disease sector will remain however heavily deficient (-19.7 billion), largely due to the health crisis, whose costs will still exceed 10 billion this year, or twice as much as planned in the budget voted in December.
On the other hand, the retirement sector will still be close to balance (-1.2 billion), thanks to an Old Solidarity Fund (FSV, which finances especially the old minimum) in excess for the first time since the financial crisis. 2008. Surpluses are also expected for the family sector (3.1 billion) and work accidents (1.8 billion), where unions and patrons have just opened negotiations to “make the best use” of this pact.