2024-11-22 02:59:00
The Minister of Health, Geneviève Darrieussecq, delivers a speech during a session on the examination of the Social Security financing bill for 2025, at the Senate in Paris, November 18, 2024. BERTRAND GUAY / AFP
The government has revised downwards – from 16 billion to 15 billion euros – the forecast deficit of Social Security in 2025 after the examination of the budget in the Senate, where all the measures taken into account have not yet been voted.
Halfway through the discussion, the executive is already taking stock of the debates at the Palais du Luxembourg on the Social Security financing bill for 2025.
And the account is less bad than at the start: according to the amendment tabled by the government and adopted by the upper house of Parliament, “the balance” of “Secu” “comes to – 15 billion euros, compared to – 16 billion initially planned”.
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An improvement of 1 billion euros which “takes into account the financial impact of the adopted amendments” since Monday, said the Minister of Health, Geneviève Darrieussecq. In particular the new “solidarity contribution”, equivalent to seven hours of unpaid work per year and supposed to bring in 2.5 billion euros.
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Added to this are increases in “behavioral” taxes (tobacco, sodas, gambling) for 500 million, and increased taxation on “free shares” for 500 million more. The minister also welcomed a “good news on VAT revenue”better than expected to the tune of 200 million.
“Less favorable measures on revenue”
In the opposite direction, the Senate voted “less favorable measures on revenue”in particular on employer contributions (1.1 billion euros), but also the retirement fund for territorial civil servants (600 million) and apprentices (200 million).
Geneviève Darrieussecq also reported additional expenditure of 300 million euros for health, and 400 million on pensions due to the two-stage revaluation negotiated between the Prime Minister, Michel Barnier, and the man strong on the right, Laurent Wauquiez.
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This compromise plans to increase pensions by half of inflation on January 1, then by a second half on July 1 for only pensions below the minimum wage.
However, this measure has not yet been voted on in the Senate, where the “revenue” part of the Social Security budget was largely adopted, Thursday evening at the end of the session, by 229 votes to 108. More than 350 amendments remain to be examined on the “expenses” part by Saturday evening.
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