Dáil Éireann Debate, Tuesday - 19 November 2013
338. Deputy Terence Flanagan asked 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]
View answerSocial 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 |
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 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 |
