Core Insights - The Chinese government has made significant progress in fiscal reform and development during the "14th Five-Year Plan" period, enhancing national fiscal strength and efficiency [1] Fiscal Strength and Growth - National general public budget revenue is expected to reach 106 trillion yuan, an increase of 17 trillion yuan or approximately 19% compared to the "13th Five-Year Plan" period [2] - By 2024, 16 provinces are projected to have fiscal revenue growth of over 20% compared to 2020, with 7 provinces exceeding 500 billion yuan, and 2 provinces surpassing 1 trillion yuan [2] - General public budget expenditure is expected to exceed 136 trillion yuan over five years, an increase of 26 trillion yuan or 24% compared to the previous period [2] Social Welfare and Public Services - Over 70% of national general public budget expenditure is allocated to social welfare, benefiting all citizens [2] - Participation in basic pension insurance has surpassed 1.07 billion people, and basic medical insurance coverage has reached 1.327 billion [2] - The standard for resident medical insurance subsidies has increased from 580 yuan to 700 yuan per person annually, with rural and urban minimum living standards raised by approximately 20% [2] Public Service Equity - The scale of equalization transfer payments is projected to grow from 1.9 trillion yuan in 2021 to 2.7 trillion yuan by 2025, with an average annual growth of 9.6% [3] - All administrative villages have access to paved roads, with express delivery service coverage exceeding 95% and tap water availability at 94% [3] Fiscal Policy and Economic Strategy - The fiscal deficit ratio has increased from 2.7% to 3.8%, with a further increase to 4% planned for this year [4] - New local government special bond quotas amount to 19.4 trillion yuan, with over 10 trillion yuan in tax reductions and refunds [4] - Employment support funding has reached 318.6 billion yuan, a 29% increase from the previous five-year period, contributing to over 50 million new urban jobs [5] Innovation and R&D Investment - National fiscal spending on science and technology is expected to reach 5.5 trillion yuan, a 34% increase from the previous period [6] - Basic research funding has totaled 730 billion yuan, with an annual growth rate of 12.3% [6] Risk Management and Debt Control - Central fiscal transfers to local governments are projected to approach 50 trillion yuan over five years, ensuring financial stability [7] - The total government debt is expected to reach 92.6 trillion yuan by the end of 2024, with a debt-to-GDP ratio of 68.7%, indicating manageable risk levels [7] - Over 60% of financing platforms have exited, indicating significant progress in reducing hidden debts [8]
“十四五”时期 财政支出强度前所未有 助力新质生产力发展 全国财政科技支出增长34%（权威发布·高质量完成“十四五”规划）
Ren Min Ri Bao·2025-09-12 21:55