{"id":987693692,"date":"2024-05-22T10:38:45","date_gmt":"2024-05-22T09:38:45","guid":{"rendered":"https:\/\/p4h.world\/?post_type=news&#038;p=987693692"},"modified":"2024-05-27T15:34:26","modified_gmt":"2024-05-27T14:34:26","slug":"cades-warns-of-social-security-deficit","status":"publish","type":"news","link":"https:\/\/p4h.world\/en\/news\/cades-warns-of-social-security-deficit\/","title":{"rendered":"Cades warns of Social Security deficit"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;! !! NE PAS MODIFIER ! !!&#8221; _builder_version=&#8221;4.19.5&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row admin_label=&#8221;!!! PLEASE DO NOT EDIT !!! &#8221; _builder_version=&#8221;4.19.5&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.19.5&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text admin_label=&#8221;TO BE EDITED &#8211; SUMMARY &#8211; Click on the WHEEL icon to open the textarea where you can paste or type your summary.  Summary should be in bold and 250-300 characters. The counter at the bottom can help.&#8221; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||20px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"font-weight: 400;\"><strong>On December 12, 2023, Caisse d&#8217;amortissement de la dette sociale (Cades) Chairman Jean-Louis Rey presented the institution&#8217;s 2023 balance sheet.  <span lang=\"FR\">Tasked with financing and extinguishing the accumulated debt of the French Social Security system, Cades&#8217; mission has been extended until 2033.  <\/span><\/strong><\/p>\n<p>[\/et_pb_text][et_pb_text admin_label=&#8221;TO BE EDITED &#8211; TEXT OF THE NEWS &#8211; Click on the WHEEL icon to open the textarea where you can paste or type your news. PLEASE USE THE USE ONLY THE FEATURED IMAGE FUNCTION on your right column to add the image.&#8221; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"font-weight: 400;\"><a href=\"https:\/\/p4h.world\/en\/documents\/social-security-deficit-cades-sounds-the-alarm\/\">This assessment<\/a> shows that the Social Security deficit, which had reached \u20ac1.7 billion in 2019, increased sharply during the health crisis (\u20ac +39.7 billion in 2020). It is expected to reach \u20ac8.8 billion in 2023 and \u20ac17.7 billion in 2027.<\/p>\n<p style=\"font-weight: 400;\">According to Jean-Louis Rey, <a href=\"https:\/\/www.cades.fr\/fr\/\">Cades<\/a> will not be able to cover future Social Security deficits without a &#8220;credible&#8221; turnaround in the accounts of the Healthcare branch. This will account for \u20ac9.5 billion of the deficit in 2023. As for the Retirement branch, it adds up to \u20ac0.5 billion. The <a href=\"https:\/\/www.retraite.com\/caisse-retraite\/crnacl\/\">Caisse Nationale des Retraite des Agents des Collectivit\u00e9s Locales et des Hospitaliers (CNRACL<\/a> ) also has a deficit of \u20ac7.5 billion. In 2020, the French Constitutional Council ruled that any new debt transfer would be accompanied by an increase in revenue, <em>via <\/em>contributions such as the Contribution sociale g\u00e9n\u00e9ralis\u00e9e (CSG). According to the latter, it will not be possible for Cades to take on a larger share of the deficit.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On December 12, 2023, Caisse d&#8217;amortissement de la dette sociale (Cades) Chairman Jean-Louis Rey presented the institution&#8217;s 2023 balance sheet. Tasked with financing and extinguishing the accumulated debt of the French Social Security system, Cades&#8217; mission has been extended until 2033. This assessment shows that the Social Security deficit, which had reached \u20ac1.7 billion in&#8230;<\/p>\n","protected":false},"author":1633,"featured_media":987695151,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[],"tags":[134,131,133],"acf":[],"_links":{"self":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/news\/987693692"}],"collection":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/users\/1633"}],"replies":[{"embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/comments?post=987693692"}],"version-history":[{"count":16,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/news\/987693692\/revisions"}],"predecessor-version":[{"id":987695188,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/news\/987693692\/revisions\/987695188"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/media\/987695151"}],"wp:attachment":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/media?parent=987693692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/categories?post=987693692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/tags?post=987693692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}