The accounts of the Argentinian social security: ¿ANSES in deficit?
Keywords:
Argentina, Fiscal deficit, Social Security, SustainabilityAbstract
The main purpose of this article is to establish the explanatory weight of each factor in the financial difficulties of the pension system in Argentina, as well as to establish which are and which are, in addition to the adjustment of access and benefits, the possible measures to balance the accounts. To do this, we analytically separate the different components that explain the expansion of expenses and income. We also analyze how the interaction between the evolution of income and expenditures was politically significant in recent years, articulated in one or another discourse. We found that until 2014, the measures taken that involved the expansion of total spending had financing at their disposal. In 2014, the total resources of the ANSES reached almost to the limit of its possibilities, breaking the collaboration of the National Treasury. However, since then, measures have been taken twice to expand spending without providing for new financing. In addition, the system lost sources of financing that were compensated by contributions from the Treasury. This implied a new factor of vulnerability in the sustainability of social security.
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