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Cyprus has a way to become France in terms of benefits

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Cyprus has a way to become France in terms of benefits

Cyprus still wants to go the way of becoming France, Finland, Denmark and showing the face of a welfare state like these countries. According to the data announced yesterday by the Statistical Service, there is a social protection deficit in Cyprus in relation to the EU average “28” and the EU “15”, based on the latest available data for 2018.

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Specifically, the percentage of expenditures for social protection in relation to GDP was 18.1% and in 2017 it was 18.5% while in the EU of “28” it is 27.5% and in the EU of “15” 28.4%. In Cyprus, the largest percentage of expenditures for social protection in relation to GDP is recorded from 2011 to 2015. Specifically, in 2011 social protection expenditures were 20.1%, in 2012 at 20.9%, in 2013 they amounted to 23%, in 2014 at 20.2% and in 2015 at 20%. In 2016 and 2017 they fell to 19.4% of GDP and 18.5% respectively. The state had less social face in 2002 with spending at 14.9% and in 2003 it increased to 16.7%. In France, social protection expenditure is 33.7%, in Denmark 31.4%, in Finland 30.1%, in Germany 29.6% of GDP, in Austria 29.1%, in the Netherlands 28.9% , in Sweden 28.3%, in Belgium 18.7%. The countries with the lowest social status are Ireland with the percentage of social protection expenditures being 14.2%, Romania with 15%, Latvia with 15.2%, Lithuania with 15.8%, Bulgaria with 16 %. In Greece, social protection spending in 2018 is 25.3% of GDP, in Spain 23.5%, in Portugal 24%, in Luxembourg 22%.

In terms of data analysis concerning Cyprus, the main social protection expenditures in 2018 amounted to € 3,884.9 million, compared to € 3,724.6 million in 2017. Expenditure on old age and illness / medical care, together constituted 67.3% of total social benefits for 2018 (compared to 66.7% in 2017).

According to the Statistical Office, in old-age benefits (which include both old-age cash benefits, ie periodic old-age pensions, periodic cash benefits as well as lump-sum old-age benefits, such as housing benefits, such as housing assistance daily work and other benefits), the largest percentage is occupied by periodic pensions, which reach € 1,658.8 million and constitute 90.9% of the total old-age benefits.

He notes that the € 1,605.4 million from the periodic pensions of 2018, have been granted to beneficiaries without their income being a criterion. There was an increase in benefits for the operation of old age in 2018, for which € 1,824.1 million were recorded (compared to € 1,763.4 million in 2017), as well as for the operation of the disease / medical care by € 727 , 5 million in 2018 (compared to € 665.6 million in 2017), the operation of the survivors with € 274.3 million in 2018 (compared to € 267.6 million in 2017), the operation of family with € 253.8 million (compared to € 242.8 million in 2017), the operation of disability with € 175.7 million (compared to € 164.1 million in 2017) and its operation unemployment which also showed a slight increase in 2018 with benefits amounting to € 209.6 million (compared to € 208.0 million in 2017).

Source: www.philenews.com

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