In 2022, the Social Security Fund (SSF) declined by more than 17.6 billion baht, the first drop in five years, as a result of decreased market capitalisation (mark to market) and reduced contributions to alleviate the financial burden of subscribers during the pandemic, says a Finance Ministry source who requested anonymity.
Apart from conducting periodic fiscal risk assessments on income, expenditure and public debt, the Fiscal Policy Office also assessed fiscal risks from the operations of other sectors, particularly social security funds, which could pose fiscal risks to the government and should be monitored.
According to the source, the SSF tallied 2.361 trillion baht at the end of 2022, compared with 2.379 trillion at the end of 2021, attributed to decreased market capitalisation of investments and reduced contributions.
