Dáil Éireann Debate, Tuesday - 24 July 2018
2427. Deputy Billy Kelleher asked the Minister for Employment Affairs and Social Protection the estimated cost in each of the years 2019 to 2023 of meeting the projected deficits in the social insurance fund; if those projected costs have been incorporated into the expenditure base for her Department; and if she will make a statement on the matter. [33204/18]
Amharc ar fhreagra2480. Deputy Billy Kelleher asked the Minister for Employment Affairs and Social Protection the projected surplus or deficit of the social insurance fund in each of the years 2019 to 2023; if this surplus or deficit includes the extension of invalidity pension to the self-employed; if the surplus or deficit has excluded the cost of extending illness, jobseeker's and carer's benefit to the self-employed; if the cost has been factored into the expenditure base for her Department for deficit years; and if she will make a statement on the matter. [33203/18]
Amharc ar fhreagraI propose to take Questions Nos. 2427 and 2480 together.
The following table provides a forecast of the Social Insurance Fund position from 2019 to 2021, showing an operating surplus in each of these years.
|
2019 estimate |
2020 estimate |
2021 estimate |
|
|
€m |
€m |
€m |
|
|
Income |
10,848 |
11,416 |
11,970 |
|
Expenditure |
9,647 |
9,872 |
10,097 |
|
Operating Surplus |
1,201 |
1,544 |
1,873 |
Macro-economic data on employment and wage trends beyond 2021 are not available so it is not possible to estimate Social Insurance Fund income for 2022 and 2023.
The expenditure estimates for 2019 to 2021 include the ongoing cost of extending Invalidity Pension to the self-employed in these years. The estimates do not include the cost of any potential extension of Illness Benefit, Jobseeker's Benefit or Carer's Benefit to the self-employed.
The above estimates will be revised to take account of the latest trends in the run up to Budget 2019.
