Overview
- The Direction de la Sécurité sociale reported the 2025 deficit at €21.6 billion, below the €22.1 billion in the 2025 budget and the €23 billion estimate adopted in December.
- The improvement stems mainly from spending coming in lower than planned, with health insurance outlays undershooting targets.
- The health insurance branch posted a €15.9 billion shortfall, improved from December’s estimate of €17.2 billion, and the annual health spending target totaled €265.4 billion, about €500 million under the voted level.
- The pensions branch worsened to a €7.2 billion deficit, deeper than the €6.3 billion projected three months earlier.
- Despite the revision, the overall gap remains well above 2024’s €15.3 billion, and unions including Unsa are urging structural financing measures after most proposed 2025 savings were dropped.