Prime Minister Alexis Tsipras is expected to announce plans to utilize two new resources that promise immediate returns in order to inject capital to shaky insurance funds, as part of expected Parliament-mandated policy statements by the new government.

The new resources will be used to cover deficits of about 900 million euros, created by the abolition of austerity measures that accompanied the signing of the memorandum (the bailout agreement) between Greece and its international creditors and by the restoration of a Christmas bonus pension, known as the 13th pension or salary, for retirees.

It should be noted that these amounts will be added to the total deficit of 1.78 billion euros that has been recorded by the funds’ budgets for 2015.

Specifically, the abolition of a zero deficit clause in supplementary funds creates a new deficit of €376 mln, which would have been covered by the United Supplementary Insurance Fund through a 10% cut in supplementary pensions in the first months of 2015.

After the annulment of the measure, the United Supplementary Insurance Fund’s budget has been thrown off balance.

A similar problem will arise regarding welfare funds after the abolition of a sustainability factor that would lead to cuts up to 50%.