Security : the deficit revised to 52.2 billion euros in 2020, a level history

The minister of the public Accounts Gérald Darmanin expressed concern on Tuesday by the social Security deficit, which has been revised upwards compared to the end of April.

The social Security deficit is expected to reach a level of "history" of 52.2 billion euros in 2020, significantly more than the 41 billion euros announced at the end of April, said Tuesday the minister of the public Accounts Gérald Darmanin.

The health crisis, "plunges into the red the public accounts in general and in particular the social security accounts", the minister underlined during a hearing before the commissions of Finance and of social Affairs of the national Assembly.

READ ALSO >> Despite the economic shock of the containment, the France avoids the worst by telecommuting

Your support is essential. Subscribe for $ 1 support Us

"at A time when I speak to you, we are a degradation of 52.2 billion euros, that is to say that it was a degradation (...) of a little over 10 billion euros," compared to the last forecast of the government, said Darmanin. "Obviously these are figures that are very disturbing" and "extremely worrying", he added, referring to a deficit in "history" to the social Security.

A possible return to balance "four or five years"

During a hearing in front of the Senate on April 22, Gérald Darmanin had estimated the deficit in 2020 to 41 billion euros, a level "never seen". The previous record, set in 2010 during the financial crisis, was 28 billion euros. In a month, the economic forecasts of the executive are degraded: on the morning of Tuesday, the Economy minister, Bruno Le Maire, has announced a recession of -11% this year, compared to -8% previously. The payroll on which contributions are levied for social

Despite this new revision, the minister of public Accounts has ruled out this Tuesday to present a draft law on financing social security (PLFSS) corrigendum, the government forecasts are at this stage still highly dependent on the evolution of the situation.

READ ALSO >> The impact of spiralling of the coronavirus on the French economy, in four digits

"It must be that things are stabilizing, which will begin I believe with the déconfinement", he explained, saying it wanted to wait to clarify the trajectory planned by the government for the social security accounts.

Interviewed by the chairman of the Finance commission Eric Woerth (LR), Gérald Darmanin, however, spoke of a possible return to the balance of social Security in the next four or five years.

"One could imagine" returning to "the horizon of the year 2024-2025, but this is not a goal for now fully displayed, as we do not know exactly the basis from which we will depart this year," he explained.

the part of The State in the crisis of the Covid

Darmanin has also estimated that the deficit of the State budget is expected to reach 220 billion euros by 2020, 50 billion more than the figure entered in the amending budget presented in early April by the government.

"The State takes very largely its share in the crisis of the covid," assured the minister of the public Accounts at a hearing at the national Assembly. "Today date", the deficit of "$ 220 billion" euros. "This is more than four times the social security deficit", he stressed.