Trésor-Economics No. 200 - Clarifying the contributory component of social protection
In France, much of the high level of government expenditure (57.3% of GDP in 2014) can be explained by the size of government social protection systems. The benefits paid by these schemes account for half of government expenditure (€630bn in 2014, or 29.4% of GDP). Most of this expenditure takes the form of retirement pensions and healthcare insurance payments. Most of these schemes are contributo... Lire la suite