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The crisis blew up the hole in Social Security


DECRYPTION - Close to balance at the arrival of Emmanuel Macron, the accounts have plunged again due to the sling of “yellow vests” and the Covid.

Promised, sworn, the five-year Macron was to be that of the recovery of social accounts and mark, definitively, the end of the famous

"abyssal hole"

of the



Alas, nearly five years after the election of the President of the Republic, not only is the hole still there, but it is deeper than ever.

The Social Security deficit is expected to reach 34.6 billion euros again this year, after 38.7 billion in 2020.

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And the accounts will remain in the red for a long time, admits the government: the deficit, if it is to be reduced in 2022 because of better growth forecasts, will still reach 21.6 billion euros, before being reduced to 13 billion by 2025. On the one hand, because the health sector will have to sustainably support the increases in salaries and investments linked to the “Ségur de la santé” (12.5 billion next year).

On the other hand, because the old age branch, for lack of pension reform, remains in structural deficit.

A gloomy picture while

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Source: lefigaro

All life articles on 2021-09-25

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