Page 76 - Economic report 2020

Chart 8.10
CASS BUDGET SETTLEMENT - Millions of euros

Non-financial revenue Non-financial expenditure Budget balance

Source: CASS (Andorran Social Security System) / Department of Statistics.

3.2. Expenditure

Growth in non-financial expenditure settled by the CASS accelerated in 2022 (+7.4% vs +3.2% in
2021), to reach the total of €358 million.

The distribution by chapters shows that current transfers, where benefits are accounted for, were
74
€318.2 million, 6.2% more than in 2021, a trend that put its percentage of the total to 88.9%. This
growth is lower than in contributions (+12.9%), unlike in the previous three years. Note that this entry
also includes the non-contributory benefits financed by the Government through current transfers
and contributory expenditure paid by the CASS, generated by authorised financial benefits.

The second most important entry in CASS CASS expenditure through current
expenditure is capital transfers (8.9% of the transfers grew less than
total), which grew 27.3% after five consecutive
years of decline. The other expenditure, of revenue from contributions.
lesser importance, is spread between personnel
costs, which increased 0.2% and represent 1.6% of the total, and consumption of basic goods
Andorran economy: general developments | VIII. Public sector
and services, which increased 5.1% but only represents 0.5%. Expenditure on real investment is
insignificant, and there were no finance costs, as the CASS has no debt.

3.3. General branch of the CASS

The distribution of CASS revenue and expenditure by branches shows that, in the case of the
general branch, revenue from contributions rebounded 11.9% over the value of the previous year,
to €150.8 million. This acceleration can be explained by the emergence from the health crisis,
which led to a rise in the numbers of employees and self-employed.

Growth in expenditure on general branch benefits (+3.2%) was more modest than in revenue from
contributions, reaching €183.3 million. Consequently, the budgetary cash deficit in this branch
decreased to €31.8 million. The imbalance between revenue from contributions and expenditure
on benefits in the general branch is a problem that began in 2007 and reached a peak in the
economic crisis in 2015. This peak was exceeded in 2021 but fell again in 2022.