Social debt threatens to explode. This is the cry of alarm sent by the Court of Auditors in its report on the finances of Social Security published Tuesday. "The reduction of deficits is of extreme urgency and immediate," she wrote. Adding that the hole Safely "should now be absorbed by effective and strong economies on spending and not increasing the tax burden."
After two years off, the social security deficit is indeed beginning to widen again. He will rise at the end of the year to € 17.3 billion, an almost identical level compared to 2012 when the government expected a decline of nearly 3 billion. In fact, spending continues to surge while revenue them dry up. The fault, according to the Court of Auditors, the Economic crisis1 that never ends. However, revenue from social security (CSG and social contributions) are specifically very sensitive to the economic situation and employment. As a result, projected revenues are not today the appointment. They will be displayed at the end of 2013, 4.1 billion below forecast for the sole general scheme. To make matters worse, the cost of health insurance will skidded € 2 billion and $ 7.9 billion hole, and the family business of € 600 million to 3.2 billion.
These higher than expected deficits have "an immediate impact on the social debt, more massive without its damping is provided." At this pace, without taking into account the effects of the pension reform, the social security system should accumulate by 2018, 72 billion more in additional debt. "Such a scenario would postpone a new generation weight of the repayment of the new debt, involving equity between generations and undermining the legitimacy of our social model," warning the Court free business cards.
To rectify the situation, no question of mopping debt shots tax increases. Or at the margin. Indeed, by censoring the famous tax to 75% in autumn last2, the Constitutional Council decided, said the Court of Auditors, that they must not increase the CSG failing to reach levels of confiscatory levies. Moreover, President Francois Hollande has acknowledged, duress, Sunday evening: tax increases now, "it's a lot, so it gets too!"
Targeting social niches
However, there is a narrow margin of maneuver. While the Court of Auditors last year advocated an increase in the CRDS (contribution to the repayment of the social debt), which is intended to finance the debt of the social security system for it suggests the removal of social niches. And the judges of the rue Cambon to target reduced VAT rates for pensioners (6 billion "loss" for the state, retoqué by the government in late August when the pension reform), reduced taxation of unemployment benefits ( 2 billion euros) or the tax exemption for family benefits (3000000000, excluded by the executive during the reform of the family, in June).
What, therefore, emphasized "the need for the recovery of the financial statements by savings measures on spending." The judges of the rue Cambon advocate for example immediately cut in health spending to the tune of 500 million euros. This obviously does not suffice, the plight of the social security accounts "implies implement beyond saving measures to in rapid effects of structural reforms only able to sustainably influence the trend in spending." For starters, the government wants to find 6 billion savings 20143.