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The Court of Auditors invites the State to take over the unemployment insurance debt

2021-03-18T14:26:08.962Z


By reaching a debt of 54.2 billion euros in 2020, the regime is no longer in a position to be able to return to balance on its own.


In an exceptional situation, exceptional measures… In their traditional annual report, the magistrates of the Rue de Cambon looked this year at the unemployment insurance accounts, particularly damaged after a year of crisis.

And faced with the magnitude of the shock, the Court of Auditors urges the government to take over part, if not more, of the regime's debt.

"

In order to restore the regime to its full financial coherence, [...] it would be necessary to determine the part of the debt effectively left to its charge and that to be amortized within the broader framework of the measures taken by the State.

 », Thus indicates the Sages in their analysis.

And for that, two possibilities would be considered.

The first would consist of confining a portion of the debt to Unedic's accounts and allocating a specific resource to it.

When the second, in a simpler way, would involve the State taking over the debt, as was the case for the debt of SNCF or more recently that of hospitals, transferred to Cades.

Read also: The explosion of the unemployment insurance deficit

Because in the space of a year, the regime's accounts - which were already not looking good before - have deteriorated significantly ... At the end of 2019, the debt thus reached 36.8 billion euros.

Given the rather lenient economic forecasts and the entry into force of the new unemployment insurance rules, Unedic predicted that the deficit in 2020 should be reduced to 0.9 billion euros.

Then, it would then be surplus in the following years.

Except that, like a gust of wind on a house of cards, the Covid came to annihilate all these forecasts.

And the reality is very different today… After twelve months of crisis, the deficit of the regime would stand at 17.4 billion euros in 2020 and would approach 10 billion in 2021. The debt would reach, him, 54, 2 billion euros in 2020 and 64.2 billion in 2021. Either a level "

too heavy to bear for the only unemployment insurance scheme

", notes the Court of Auditors.

Read also: What the unemployment insurance reform contains

This hole can be explained by two phenomena.

On the one hand, by the increase in expenditure linked to partial activity and emergency measures on employment.

And on the other, by the drop in revenue linked to the massive placement of employees in partial activity or on sick leave and which

ultimately

caused

a drop in unemployment insurance contributions.

From now on, "

the level of debt largely exceeds the capacity of debt reduction of the mode by its own surpluses

", detail the magistrates.

Since the early 1990s, the plan has seen only three periods when it was in surplus.

That is to say between 1994 and 1996, with 6.3 billion cumulative surpluses, between 2000 and 2001, for 1.6 billion euros, and between 2006 and 2008, with 8.5 billion euros.

But since then, the regime has continued to show a deficit and it no longer seems able to generate surpluses.

Read also: Unemployment insurance: companies penalized by the health crisis temporarily exempted by the bonus-malus

Given Unedic's problematic situation, taking over all or part of the debt may make sense.

And the government is not completely closing the door to this possibility.

Source: lefigaro

All life articles on 2021-03-18

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