Barely voted, already obsolete: the debt recovery approved last summer will not be enough to plug a "security hole" which will continue to widen, notes the High Council for the financing of social protection (HCFiPS) in a note posted on its website.
The advisory body wonders about
"the temporality of the reimbursement of social debt and the return to balance of current accounts",
after the law of August 7.
This plans to transfer to the Social Debt Redemption Fund (Cades), 136 billion euros corresponding to the valuation of the Covid debt.
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This sum includes the 13 billion in hospital liabilities, to which are added 31 billion for the balance of all accounts of past deficits until 2019 and 92 billion for future losses between 2020 and 2023 due to the epidemic.
To help pay off this debt, the Cades, which was to expire in 2024, has been extended until 2033.
"Untenable situation"
However, according to the organization, the total amount of 136 billion is already proving
"insufficient to cover the deficits anticipated over these four years",
since the losses from 2020 to 2023 are now estimated at nearly 133 billion d euros in the Social Security budget adopted in December, instead of the 92 billion initially estimated.
It is also without counting on the additional 20 billion expected in 2024
"and the probable deficits which will be observed over the following years".
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In addition, the report points to the
"untenable situation"
of unemployment insurance, whose deficit would have exploded to 20.5 billion euros last year, according to the Treasury Department, well beyond 18 , 7 billion envisaged in October by Unedic.
This is mainly due to the massive deployment of partial unemployment, which affected at the height of the crisis, in April, up to 9 million French people.
