“ Palliative care for Social Security », According to the Vice President of the LR Senate Social Affairs Committee, Alain Milon. To avoid a liquidity crisis on Social Security, the government and the upper house reached an agreement around the transfer of 15 billion euros of social debt, which was largely adopted by senators as part of an examination of the draft Social Security budget for 2026.
In the spring, the Court of Auditors warned “ increasing incompetence » Social Security to borrow in the short term to pay its benefits, giving rise to “ the risk of an increasingly serious liquidity crisis ” most likely ” realized starting in 2027 “. At issue: the financing needs of Acoss, the Social Security financial institution, continue to increase.
Until now, Acoss has been able to rely on Cades, whose medium and long-term loans make it possible to pay off social debt. However, Cades has reached its maximum capacity. To improve it requires organic legislation, which is complex without a parliamentary majority. However, the fund’s financial performance makes it possible to consider new transfers without changing the legal framework.
“One time and partial solution”
A majority of senators and the government submitted an amendment allowing transfers of 15 billion euros by 2026.” A one-time and partial solution, but welcometo further secure our social protection cash flow,” explained the Minister of Health, Stéphanie Rist.
Despite the wide-ranging vote, some senators stressed that the measure only delays structural problems of social funding. Leftists accused the executive of wanting “ hide the extent of the slip ” account. “Why not introduce legislation in 2026 to solve this problem? Because the debate a year before the presidential election will reveal the disaster of your management of Social Security, with a debt symbol of more than 100 billion”denounced socialist Bernard Jomier.
