Written answers

Tuesday, 19 November 2013

Department of Social Protection

Social Insurance Issues

Photo of Terence FlanaganTerence Flanagan (Dublin North East, Independent)
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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]

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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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 Outturn2010 Outturn2011 Outturn2012 Outturn2013 REV Estimate
-€000€000€000€000€000
Income7,279,6016,709,6817,543,8836,772,2867,099,840
Expenditure9,784,2259,460,8359,004,2458,859,6868,590,416
Operating surplus / Deficit-2,504,624-2,751,154-1,460,362-2,087,400-1,490,577
Surplus carried forward from previous year3,376,969872,345 - - -
Cumulative Surplus/ deficit at end of year872,345-1,878,809-1,460,362-2,087,400-1,490,577
Exchequer Subvention to Social Insurance Fund from Vote 3701,878,8091,460,3622,087,4001,490,577
The following table summarises the estimated funding position of the Social Insurance Fund for the period 2014 to 2017, inclusive. The estimate for 2014 is subject to change in the Revised Estimates Volume for 2014 due to be published next month while the estimates of income and expenditure for the period 2015 to 2017 inclusive are provisional and will be subject to change in the years ahead.
-2014 Budget Estimate2015 Estimate2016 Estimate2017 Estimate
-€000€000€000€000
Income7,681,8607,925,3608,217,4608,317,460
Expenditure8,417,4308,497,3118,783,7008,881,099
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 37735,570571,951566,240563,639

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