The CADES: It’s Found Again. What? – Eternity
Financement de la santé : la Cades en route vers l’éternité - The Conversation (2020)
4 Pages Posted: 4 Jun 2020
Date Written: May 26, 2020
When France launched the CADES Welfare Debt Repayment Fund and the CRDS Welfare Debt Repayment Tax in 1996, the idea was this fiscal construct would enable a full redemption, by the year 2008, of all outstanding debt that the different branches of the French Social Security system had accumulated over the period 1993-1995. After several decisions pushing the Fund’s dissolution date back to 2024, the COVID-19 crisis having to contend with terrifying deficits in the country’s Health Insurance system, another reopening of the CADES fund was decided in May 2020 to 2033. What we announced in 2003 is now a reality de facto, the CADES fund and the CRDS tax are being turned into permanent fixtures in France’s budgetary and fiscal landscape.
Keywords: welfare, debt, tax, health insurance, CADES
JEL Classification: H75, H51, I13
Suggested Citation: Suggested Citation