COVID-19 “produced” 87 thousand unemployed people – The budget lost 10.4 million euros from contributions
The Covid-19 pandemic has hit businesses hard and consequently employment in the country. Referring to the official data of the Ministry of Finance for the period January-July 2020, the state budget has lost 1.3 billion ALL or 10.4 million euros of income from social and health insurance contributions of employees. In total in the 7 months of this year, 55.7 billion ALL were collected from these items.
TV SCAN has processed the data to show an average figure of individuals who have lost their job during this period. Thus, according to the analysis made by SCAN, the average salary in the country is currently 53 thousand ALL. On this salary, employers and employees pay together about 14,800 ALL social and health insurance.
If we divide the value of missing income by the contribution paid for an average salary, it turns out that about 87,837 employees have not contributed regularly to the state coffers, which shows that they have lost their job, temporarily or for a long period. It all has to do with the effect of the pandemic, given that the most massive departures were in the period March and April where economic activities closed.
Effects of COVID-19 on employment
- Average salary nationwide: 53 thousand ALL
- Salary insurance: 14,800 thousand ALL
- Missing revenues: 1.3 billion ALL
- Employees who have not contributed: 87,837
SCAN
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