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Social Security Department (10641 words) |
 | Social protection systems are in effect income distribution mechanisms which generally redistribute income from some "financing" subgroups of the society (generally active members) to "benefiting" subgroups of the population (i.e the sick, the old, the disabled, the unemployed, the poor). |
| High social security contributions and taxes are interpreted as a consequence of the failure of the European model of redistribution even when levied on comparatively high wages and despite achieving relatively low poverty rates. |
| For the social outcome it is largely irrelevant whether social employment is implemented through public or publicly sponsored employment in the service sector or brought about by liberal labour market mechanisms as long as the latter are accompanied by mechanism to keep the working population out of poverty. |
| Social Security Department (8366 words) |
| The term social budget is used here as a social accounting concept compatible with the one in the European Union and its member countries which at regular intervals compile total national social expenditure and its financing. |
| The social budgeting process normally includes the accounting of all social expenditure and income in a given observation year or a number of observation years as well as the forecast of income and expenditure for normally a medium-term period. |
| This is done by estimating the balances of the social security institutions (revenues - excluding government transfers - minus expenditures) separately, the sum of these balances (representing, overall, a deficit) equating to the projected monetary transfer in total from the exchequer to the institutions. |
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