Social funds are in trouble, confirms Youssef Chahed | Tunisia News Gazette

Social funds are in trouble, confirms Youssef Chahed

Prime Minister Youssef Chahed, on Monday, confirmed the difficult situation of the social funds and their inability to continue providing services to pensioners and the sick.

This situation has prompted the government to feed these funds with a sum of 500 million dinars from the state budget, he pointed out.

In his speech to the House of People’s Representatives (HPR) at a plenary session dedicated to the vote of confidence in the new cabinet members, Youssef Chahed added that the various parties responsible for the social funds had agreed on the need to launch a reform package based on three axes: raising the retirement age, increasing the pension contribution, and raising the rate of social contribution.

These measures are insufficient, said Chahed, stressing the need to find additional sources of funding.

The government has proposed to the social parties the creation of a mutually-supportive social contribution to finance the social funds in order to safeguard the pension system, he added.

The proposed reforms also provide for the need to ensure the good governance of public institutions, said Chahed, pointing out that the budget dedicated to helping these institutions could have helped increase the budget earmarked to development and the improvement of the education and vocational training sector.

Chahed announced that his government has initiated the establishment of a comprehensive programme to restructure public institutions, stressing the need to preserve social peace and safeguard jobs and the material and social gains of employees.

Source: TAP News Agency

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