权威发布·高质量完成“十四五”规划｜全国财政科技支出增长34%

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][2]. Fiscal Strength and Public Budget - 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" [2]. - Public budget expenditure is projected to exceed 136 trillion yuan, an increase of 26 trillion yuan or 24% compared to the previous plan [2]. - Over 70% of public budget expenditure is allocated to the livelihood sector, ensuring that modernization benefits all citizens [2]. Social Security and Public Services - The number of participants in basic pension insurance has surpassed 1.07 billion, and those in basic medical insurance has reached 1.327 billion [2]. - The scale of equalization transfer payments is set 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]. - Significant investments have been made in education and healthcare, with over 800 billion yuan allocated to enhance medical capabilities [3]. Macroeconomic Control - The fiscal deficit ratio has increased from 2.7% to 3.8%, with further increases planned [4]. - New local government special bond quotas amount to 19.4 trillion yuan, and tax reductions and refunds exceed 1 trillion yuan [4]. Employment and Economic Support - Central fiscal employment support funds have reached 318.6 billion yuan, a 29% increase from the previous plan, contributing to over 50 million new urban jobs [5]. - The government has allocated 4.2 trillion yuan to support consumption, leading to sales exceeding 2.9 trillion yuan [6]. Risk Management - The central government has arranged nearly 50 trillion yuan in transfer payments to local governments to stabilize fiscal operations [7]. - A legal debt management system has been established to address hidden debts, with a focus on reducing interest costs [7]. - By the end of 2024, total government debt is projected to be 92.6 trillion yuan, with a debt-to-GDP ratio of 68.7%, indicating manageable risk levels [7][8].