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“Yes, we have already started (use the reserve – BNS). We already started eating them this month,” said the head of Sodra at BNS.
She predicts that the entire reserve could run out in late September.
“In the second quarter, we forecast that we will run out, we will have less income than necessary expenses, 350 million.” the third, more than 200 million. and the reserve should run out at the end of the third quarter. Unless the coronavirus situation is different, “said the director of Sodra.
According to J. Varanauskienė, later, if the income will continue to be lower than the expenses, it will be necessary to ask the Government to allocate money from the state budget.
According to her, the Sodra reserve so far had 194 million. 411 million euros accumulated in 2018 and placed in the reserve account in May of last year, while 411 million euros were accumulated last year. The amount of € 1 million has not yet been credited to the account.
J. Varanauskienė says that in late March and early April it was already clear that the reserve would have to be used.
“Due to the fact that our expenses have increased by 50 million. We spend an additional 100 million euros per month on child care during quarantine and we do not collect planned income, more than 100 million euros. Euros since the beginning of the quarantine , and we spend more than planned, “said J. Varanauskienė.
The Ministry of Social Security and Labor estimates that this year’s Sodra’s budget income should be 518.6 million. 526.1 million euros less than expected and higher euros expenses. In this way, the fund’s deficit would reach 692.9 million. euros
Sodra’s budget revenue approved by Seimas this year is 4,894 million. and costs of almost 4,550 million euros. euros
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