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IMF says CSS crisis will be recorded in 2019

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As irresponsible were cataloged the statements by the head of the Ministry of Economy and Finance (MEF), Dulcidio De La Guardia, given yesterday on the crisis of the Social Security Fund (CSS).   De La Guardia said, according to a report issued by the International Monetary Fund (IMF), the deficit of the CSS could take place in 2019 and not in 2017, as previously indicated.   The former director of the Cajay economist John Jované said that these statements are irresponsible and show fear of political debate on the subject has the Government, which has not been served so far.   "The report we have the International Monetary Fund establishes therefore that the cash deficits of the Social Security Fund will be postponed for a few years, but eventually will give the cash deficit, since this is a closed system, "De La Guardia said.   However, Jované believes that the government wants to leave the problem to the next administration, which would have left little time to correct.   He added that the economic slowdown that is occurring in the country, rather than delay, as the report notes, the minister said, will accelerate the collapse of the institution.   According to Marlon de Sousa, former Assistant Director of CSS, "there is a political cost that someone has to take, because you can not ignore the problem.dum.   The complexity of the situation lies, in the opinion of experts, it can not find an accurate solution if not actually know the deficit Disability Program Old Age and Death.   Despite the announced date by De La Guardia yesterday, the former director of the Social Security Fund, René Luciani says that you can not know for sure until reliable financial statements are taken by the actuarial technical board.   According Soussa, urges an immediate solution to the problem.   "We must understand that it is urgent that the current administration and the government take corrective measures as soon as possible," said de Souza.   In February 2015, the CSS reported that the current deficit in the program Invalidity, Old Age and Death (IVM) of the Social Security Fund was $ 420 million and an upcoming shortage of $ 550 million that will begin to join each year from 2016 and that the solutions began to dwindle because the state is increasingly cornered.   The director of the CSS, Estivenson Giron said that an increase in the retirement age, an increase in the contribution rate or percentage are beyond the means of solution and because of this, experts have begun to suggest a series of ways out of the crisis. However , so far no progress in the implementation of any initiative to prevent a collapse .   Nestor Vega , current president of the Insurance Board agrees with Soussa as to the need for reliable financial statements and notes that you have to have three actuaries.   He explained that the Attorney General 's Office noted that the reports have to be guaranteed for three actuaries and not two , as it has now .   " The company will not have the corresponding number of actuaries because the President of the Republic , Juan Carlos Varela , more than a year and a half ago must appoint an actuary and has not done " , he said.   The two actuaries who has the entity were appointed by the previous government and to obtain the missing , the official says three notes have been sent to President Varela and has not answered .   For experts , the program is destined to die , if a solution is not forward soon. [SEE ALSO: Programa IVM enfrentará déficit de $500 millones]

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