2023-12-12 19:50:57
From 8.8 billion expected this year, the Social Security hole should widen to 11.2 billion next year, and up to 17.5 billion in 2027. Nicolas Guyonnet / Hans Lucas via Reuters Connect
DECRYPTION – It will be impossible for it to continue to increase the social debt, which is reaching its limits, without a credible path to return the accounts to balance.
This is a sensitive subject that the executive will have to manage without delay: the recovery of the social accounts, constantly postponed, will have to be seriously implemented this time, otherwise it will hit the wall of debt.
Because if the French have become accustomed to living with a permanent “Secu gap”, these deficits accumulated over the years do not evaporate and are intended to be reimbursed. A mission entrusted to the Social Debt Amortization Fund (Cades), responsible for amortizing this debt accumulated on the financial markets. The work was to be completed, and Cades closed in 2024. But in the midst of the Covid crisis in 2020, the government weighed down the boat with 136 billion euros in additional debt and had to postpone the extinction of Cades for nine years. , to 2033. Concretely, this means that, during this time, the French continue to provide resources to Cades, via the CSG and the CRDS deducted each month from their salaries or pensions.
“The debate has only just begun”
But there is another…
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