In the fall of 2019, the NRC predicted a deficit of 4.2 billion euros. It has been revised upwards due to the impact of the epidemic. Crisis C
In the fall of 2019, the NRC predicted a deficit of 4.2 billion euros. It has been revised upwards due to the impact of the epidemic.
The Covid-19 crisis has dug a little deeper into the accounts of the pension system. The deficit of the French pension system should approach 30 billion euros in 2020, according to a provisional estimate published on Friday by the Council for the Guidance of Pensions (COR).
According to these projections, the balance of the pension plans as a whole would be -29.4 billion euros at the end of the year. This is 25.2 billion euros more than the last estimate of the NRC (-4.2 billion), published in the fall of 2019. This sharp decline is explained by the decline in income, the hex of “entire parts of the economy” that “shut down” in recent weeks , says the agency in charge of evaluation and subsequent withdrawals.
spending slightly less than expected
Prescriptions should be limited to EUR 310.8 billion, a reduction of EUR 25.7 billion compared to the November 2019 projection, COR to be exact. The decline is mainly due to the deferrals and exemptions from paying social security contributions agreed by the government during the health crisis.
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Consumption, on the other hand, should be slightly lower than expected: it will reach 340.2 billion euros, 500 million euros less than the last estimate. A difference that is related to the high mortality observed in recent months in the elderly.
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These results, based on data available as of June 11, 2020, “are likely to be further significantly revised,” however, the council’s withdrawal guidance said. The “first assessment” was actually “marked by very high uncertainties about the statistical balance, which is still temporary in terms of excess mortality”, but also about “the future of the disease and the economic effects of the crisis until 2020”, he recalls.
Date of update: 12 June 2020, 08:58
Categories: Optical Illusion
Source: newstars.edu.vn