§ Mr. FlynnTo ask the Secretary of State for Social Security what was the estimated income of the national insurance fund for 1993–94, in total, from each class of contribution, from the Treasury and from other sources; and what was the estimated expenditure of the fund for each benefit, administration and other outgoings.
§ Mr. HagueThe figures shown in the table are both provisional and estimated. The actual figures for 1993–94 will not be known until the autumn as full details of income and expenditure will not be available until then. The figures will also be subject to scrutiny by National Audit Office.
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Income of the National Insurance Fund: £ million Contributions Class 1: Employees 12,224 Employers 19,576 31,800
Class 1A 430 Class 2 464 Class 3 43 Class 4 560 33,297 LESS: Recovery of SSP -679 Recovery of SMP -434
Total Contributions 32,184 State scheme premiums 137 Investment income 500 Payment from Consolidated Fund 1,094 Exchequer grant 7,589 Total Income 41,504 Expenditure of the National Insurance Fund: Retirement Pension 28,169 Widows Benefit 1,046 Sickness Benefit 292 Invalidity Benefit 7,033 Unemployment Benefit 1,618 Xmas Bonus 116 Guardian's Allowance and Childs Special Allowance 1.5 Maternity Allowance 33.5 Total Benefit Expenditure 38,309 Administration 1,554 Other Outgoings 354 Total Expenditure 40,217 Excess of income over outgo 1,287 Opening Balance 1 April 1993 3,436 Estimated Balance in Fund at the end of year 4,723 Note: The above figures are comprised of estimates from the Government Actuary Department for contribution income, the latest departmental view, based on the June in-year monitoring report of benefit expenditure and actual figures from the Department's accounting system. National Audit Office has yet to audit the figures which will be in the draft annual account and due to be presented to the Department's accounting officer in October 1994.