Dáil Éireann Debate, Wednesday - 5 May 2010
308 Deputy Joan Burton asked the Minister for Social Protection the current balance in the social insurance fund; the balance at end 2006, 2007, 2008 and 2009; the income and expenditure of the social insurance fund for each of the years 2006, 2007, 2008 and 2009, including a breakdown of these incomes and expenditures into their constituent parts; and if he will make a statement on the matter. [18022/10]
Amharc ar fhreagraThe accounts of the Social Insurance Fund are published annually and provide details of receipts and expenditure, assets and liabilities for each year respectively. The accounts for 2009 have not been finalized and the details provided are those published in the Revised Estimates on 18th February last. Details of the 2007 and 2008 accounts are available on the Department's website under financial statements publications. A hard copy of the 2006 Social Insurance Fund account is available in the Dáil library. A summary of these details is shown as follows.
|
2006 |
2007 |
2008 |
2009 Provisional |
|
|
€ Million |
€ Million |
€ Million |
€ Million |
|
|
Income |
||||
|
PRSI |
6,921,222 |
7,722,010 |
7,984,182 |
7,171,100 |
|
Investment Income |
53,084 |
112,049 |
160,209 |
132,977 |
|
Other |
105 |
88 |
19 |
19 |
|
Total |
6,974,411 |
7,834,147 |
8,144,410 |
7,304,096 |
|
Expenditure |
||||
|
Scheme |
-6,103,870 |
-7,008,279 |
-8,141,959 |
-9,465,415 |
|
Administration |
-221,684 |
-242,711 |
-257,780 |
-281,423 |
|
Total |
-6,325,554 |
-7,250,990 |
-8,399,739 |
-9,746,838 |
|
Surplus/Deficit |
648,857 |
583,157 |
-255,329 |
-2,442,742 |
|
Opening Acc Surplus Transferred to Exchequer |
2,400,284 |
3,049,141 |
3,632,298 |
3,376,969 |
|
Closing Acc Surplus |
3,049,141 |
3,632,298 |
3,376,969 |
934,227 |
For 2010, provision is made for expenditure of nearly €9.559 billion and receipts of €9.073 billion. This will be funded from the balance on the SIF and an Exchequer subvention from Vote 38.
