#Germany #SocialSystem #funding
In the past year, all expenditures for the German social security systems totaled around 1.04 trillion euros - i.e. 1,040 billion euros. The Federal Ministry of Labor has determined.
In the past year, all expenditures for the German social security systems totaled around 1.04 trillion euros - i.e. 1,040 billion euros. The Federal Ministry of Labor has determined.
The social benefits thus reached a share of 30.3 percent of the total German economic output. State pension insurance accounts for 30.5 percent of all social spending. In relation to the total of 1.04 trillion euros in 2019, that was a good 317 billion euros.
The item is made up of contributions from those with statutory pension insurance, employer contributions and tax subsidies from the government that amount to billions. At 25.4 percent, health insurance is the second largest item in the social budget.
In absolute terms, the amount last year reached around 264 billion euros. In third place are the “public service systems” - ie pensions, allowances and family allowances for civil servants. They make up 7.8 percent of the social budget, around 78 billion euros.
It is closely followed by benefits in the public sector at 6.8 percent - for sick pay as well as for additional benefits. The amounts add up to around 68 billion euros.
The next two larger items are child and youth welfare with 4.6 percent as well as child benefit and family benefits equalization with 4.4 percent. This is followed by long-term care insurance and basic security for job seekers, each with 4.1 percent.
The items listed here alone comprise 87.7 percent of all social benefits, a total of a good 912 billion euros. Even less large individual items harbor great dangers for the further development of costs: According to the private health insurance association,
the long-term care insurance shows the greatest growth in expenditure: Here expenditure climbed from 28 to almost 42 billion euros within five years, an increase of 50 percent. The main reason for this development is the aging of German society.
The proportion of senior citizens in the population is increasing. In addition, life expectancy continues to increase. This has a direct impact on long-term care insurance expenses.
@threadreaderapp please unroll
