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Pensions : what the debt brake rule for the universal system ?

In the midst of a crisis in health and economic, which will not fail to lead to an increase of French public debt, the establishment of a debt brake in the footsteps of our neighbours to the north of Europe, commonly referred to as the "golden rule" to balance multi-year accounts of the system of universal pensions, seems all the more relevant as the oversight of public finances and the accounts of social security could be deeply modified in the coming months.

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article 1 of the draft organic law is to put in place a "double rule", with a first, which establishes a system of balance accounts of the whole pension system and not only of the regimes of compulsory old-age insurance and the old age solidarity fund. This system allows a refresh to be more reactive trajectories. Its implementation will occur by 2025 for the period 2025-2029.

The second golden rule is relative to the debt, so that deficits cannot revive a debt significant on account of the new system. According to the text, the accumulated debt will remain less than 3% of the revenue.

in addition, the organic law does not provide explicit clause of non-application in case of economic situation very degraded (and what we live in today), since it leaves future governments free to determine the rules of depreciation in the case of a debt greater than 3% of the revenue referred to above. It would have been better to do the reverse : provide for a suspension clause for the first rule of gold, but leading to a precise plan of debt reduction in the event of activation. In addition, the reference year for the evaluation of the 3% is set in 2027, and not 2025, even as the two golden rules are triggered from 2030 on the basis of 2025. This leaves the years 2025-2027 partially not covered by the debt rule.

Finally, the draft law does not address the fate of the Fund amortisation of the social debt (CADES), the future of which is reviewed by the conference funding. However, it would have been appropriate to turn it into a fund that can be receptacle of the amortization of the debt retirement. The establishment of an account notional saving the deviations from the path up as down would make it perfectly transparent device between forecast and execution.

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The text in the current state so it leaves a free hand to Parliament to implement the double golden rule, and so finally the risk of not respecting it and does not give jurisdiction in the matter to the High council of public finances, which would be intended to be the supervisory body of the management of the finance of the future pension system. A lightness that prevents the device to be fully credible, even if the willingness is there.

The Macronomètre, the observatory of reforms in the government, is a site of the Fondation iFRAP in partnership with Le Figaro. It is a tool dedicated to the assessment of the quinquennium of Emmanuel Macron: econometric evaluation in relation to its electoral programme and announcements of his government. With The Macronomètre, the action of the government is to be marked out of 10 each Wednesday prior to the council of ministers and becomes readable in a single glance. The Macronomètre allows each to make a notice on the holding or not of the promises of the president of the Republic and on the effectiveness of the reforms of the government.

The editorial team conseilleRéforme retreats : a regime is not truly universal, for the agents of the ParlementRéforme retreats: station to "the effect"CSG SujetLe Macronomètre2 commentairesbrndgenle 22/03/2020 12:45

Germany : 6 beds csr per 1 000 inhabitants. France 2,5...
This is a good "new public management", non ?
I presume that Madame Verdier-Molinié has received a scientific training and know what is a demonstration by reduction to the absurd...
If you look at the current state, the disaster policies, legal and now health, it must be concluded that in the corpus of axioms in place for 40 years, at least one part is false... The beautiful intellectual construction work may be with the actors, infinitely truthful, infinitely knowledgeable and infinitely conscious of their interests... in Short, it confuses the reality and the model...
I do not know if she had read Guy Standing (2104) "The précarariat, the dangers of a new class"... and if we want something, we have to take the consequences, with...

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