Written answers
Tuesday, 10 November 2009
Department of Social and Family Affairs
Social Insurance
9:00 pm
Joan Burton (Dublin West, Labour)
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Question 346: To ask the Minister for Social and Family Affairs the level of social contributions received in each of the years 2005, 2006, 2007, 2008 and to date in 2009; the estimated level of social contributions for 2009, 2010 and 2011 assuming no policy change. [40547/09]
Joan Burton (Dublin West, Labour)
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Question 347: To ask the Minister for Social and Family Affairs the balance in the social inclusion fund; the balance of same at end of 2005, 2006, 2007, 2008 and the expected balance for the end of 2009, 2010 and 2011. [40548/09]
Mary Hanafin (Dún Laoghaire, Fianna Fail)
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I propose to take Questions Nos. 346 and 347 together.
The following table sets out the information requested by the Deputy.
PRSI Contributions & Balance in the Social Insurance Fund
Year | Actual PRSI Receipts€000 | Estimated PRSI Receipts€000 | SIF Balance€000 |
2005 | 6,109,880 | 2,400,284 | |
2006 | 6,921,222 | 3,049,141 | |
2007 | 7,722,010 | 3,632,298 | |
2008 | 7,984,182 | 3,376,969 | |
2009 | 5,050,340* | 7,500,000 | 2,137,141** |
2010 | 6,719,000 | ||
2011 | 6,916,000 |
* The 2009 receipts are for the period 1 January to 31 August 2009
** The 2009 balance is at 31 August 2009.
Both of the 2009 figures are provisional.
Year End 2009, 2010 and 2011
The published Estimate for the Social Insurance Fund predicted that a balance of €650 million would remain in the Fund at the end of 2009. It is now expected that the balance will be in excess of €1 billion. The balance will be eliminated during the course of 2010 and as a result the Fund will require an Exchequer subvention in 2010 and 2011.
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