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Social security expenditure has risen less strongly in 2012 2013-06-28

During 2012, expenditure on social security for salaried workers has climbed less forcefully than in 2011.  This can be concluded from the annual report of the National Social Security Office (NSSO), which is now available online. The report conveys an accurate image of the financial situation of the social security system for salaried workers.

Savings in health care

During 2012 the NSSO has financed expenditure for a total amount of 72 billion euro with a share of almost 91% for the so-called Global Management of the salaried workers system. Compared to 2011, this represents a rise by 3.4%. However this rise is significantly lower than the rise by 6.3% registered throughout the year 2011.

The major explanation for this lesser increase resides in the fact that during 2012 the Government has made important savings in health care expenditure. Moreover the insurance institutions have refunded in 2012 their surplus of liquid assets to the National Institute for Health and Disability Insurance (RIZIV/INAMI) into a temporary reserve fund, which is deducted from the financing needs of the RIZIV. This means that health care financing has increased by barely 0.2% in 2012, whereas it rose by 7.4% in 2011.

Despite its slackened growth, health care financing still remains with an amount of 21.3 billion the largest item of expenditure of the social security system for salaried workers, representing as such 32.9% of total expenditure.

Pensions

The funding of pension expenditures for salaried workers has reached in 2012 an amount of 20.9 billion euro, which compared to 2011 means a rise by 7%.

Health care (32.9%) and pensions (31.2%) represent together almost two thirds of the funded needs of the Global Management.

Unemployment

The rise in the employment rate, which started in 2009, has both in terms of jobs and employed workers slowed down by the end of 2009 and the beginning of 2010. In the second half of 2012, there was even a fall in the employment rate.

This regression has been concretized in 2012 by a rise in the funding of the unemployment insurance, the National Employment Office (RVA/ONEm) registering as such an increase by 2.84%, which is higher than the 2.45% recorded in the year 2011.

Revenue: 67% received from contributions

The global revenue of the social security system for salaried workers has reached almost 72 billion euro, which is 2.88% higher than in 2011. Of this revenue, 67% has come from the contributions, contribution increases and interest of deferred payment it has collected itself and 33% has consisted of transfers mainly emanating from the federal authorities.

Although the contribution revenue is increasing year after year, the share of the contribution receipts in the total revenue is decreasing in favour of the transfer-based funding (especially the alternative funding and the State subsidies).

More information

The complete annual report 2012 of the NSSO is available on www.rszjaarverslag.be (nl) or on www.onssrapportannuel.be (fr).

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