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The State spent €885.2 million on sickness benefit in 2023, an increase of 57.3 per cent compared with 2018, according to data from the Court of Auditors now published.
An audit highlights structural failings in the financing and governance model of the Insurance Supervisory Authority. Supervisory and regulatory fees charged in 2023 had not been adjusted since 2009.
A report by the Court of Auditors confirms public costs of around three billion euros related to Banif. The Resolution Fund still has debts to repay to the Treasury, and those who suffered losses are claiming compensation.
