Written answers
Thursday, 24 September 2009
Department of Social and Family Affairs
Social Insurance
5:00 am
Ruairi Quinn (Dublin South East, Labour)
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Question 87: To ask the Minister for Social and Family Affairs her estimate and forecast, on a no policy change basis, of the total amount of PRSI that will be collected for each year in the period 2008 to 2013; and if she will make a statement on the matter. [32782/09]
Ruairi Quinn (Dublin South East, Labour)
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Question 88: To ask the Minister for Social and Family Affairs her estimate and forecast on a no policy change basis, of the likely surplus or deficit in the social insurance fund for each year in the period 2008 to 2013; and if she will make a statement on the matter. [32784/09]
Mary Hanafin (Dún Laoghaire, Fianna Fail)
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I propose to take Questions Nos. 87 and 88 together.
The position in relation to 2008 and 2009 is set out in the following table:
2008 Provisional Outturn | 2009 Estimated Outturn | |
â'¬m | â'¬m | |
Income from PRSI | 7,983.5 | 7,400.0 |
Surplus (+) in the Social Insurance Fund | +3,377.0 | +1,000.0 |
The data for 2008 is provisional, pending completion of the audit of the Social Insurance Fund by the Comptroller and Auditor General. The estimated outturn for 2009 is based on provisional PRSI income and expenditure data to end July 2009 and predictions of likely trends to the end of year.
Estimates as to the likely level of PRSI income in the period 2010 to 2013 and the likely impact on the Social Insurance Fund of both income and expenditure demands during this period is dependent on macro-economic data which will be updated by the Department of Finance in the run-up to the forthcoming Budget.
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