Written answers
Tuesday, 19 November 2013
Department of Social Protection
Social Insurance Issues
Terence Flanagan (Dublin North East, Independent)
Link to this: Individually | In context | Oireachtas source
338. To ask the Minister for Social Protection the amount in the current account of the social insurance fund for each of the past five years; the projection for the fund for the next five years; and if she will make a statement on the matter. [49171/13]
Joan Burton (Dublin West, Labour)
Link to this: Individually | In context | Oireachtas source
Social Insurance spending has traditionally been funded on a tripartite basis – with contributions coming from the Exchequer, employers and employees. Legally, the Exchequer is the residual financier of the SIF and Exchequer contributions were the norm from 1952 up to 1997. No Exchequer funding was required over the period 1997 to 2009 inclusive, as the Fund was in surplus. Since 2010, the SIF has been in deficit and a subvention from the Exchequer has been required each year since then. The first table summarises the funding position of the Social Insurance Fund over the period 2009 to 2012 inclusive as well as the relevant estimates in the Revised Estimates Volume for 2013.
- | 2009 Outturn | 2010 Outturn | 2011 Outturn | 2012 Outturn | 2013 REV Estimate |
---|---|---|---|---|---|
- | €000 | €000 | €000 | €000 | €000 |
Income | 7,279,601 | 6,709,681 | 7,543,883 | 6,772,286 | 7,099,840 |
Expenditure | 9,784,225 | 9,460,835 | 9,004,245 | 8,859,686 | 8,590,416 |
Operating surplus / Deficit | -2,504,624 | -2,751,154 | -1,460,362 | -2,087,400 | -1,490,577 |
Surplus carried forward from previous year | 3,376,969 | 872,345 | - | - | - |
Cumulative Surplus/ deficit at end of year | 872,345 | -1,878,809 | -1,460,362 | -2,087,400 | -1,490,577 |
Exchequer Subvention to Social Insurance Fund from Vote 37 | 0 | 1,878,809 | 1,460,362 | 2,087,400 | 1,490,577 |
- | 2014 Budget Estimate | 2015 Estimate | 2016 Estimate | 2017 Estimate |
---|---|---|---|---|
- | €000 | €000 | €000 | €000 |
Income | 7,681,860 | 7,925,360 | 8,217,460 | 8,317,460 |
Expenditure | 8,417,430 | 8,497,311 | 8,783,700 | 8,881,099 |
Operating surplus / Deficit | -735,570 | -571,951 | -566,240 | -563,639 |
Surplus carried forward from previous year | - | - | - | - |
Cumulative Surplus/ deficit at end of year | -735,570 | -571,951 | -566,240 | -563,639 |
Exchequer Subvention to Social Insurance Fund from Vote 37 | 735,570 | 571,951 | 566,240 | 563,639 |
No comments