Core Insights - The financial situation in China has improved significantly over the past five years, with public budget revenue expected to reach 106 trillion yuan, an increase of 17 trillion yuan or approximately 19% compared to the previous five-year plan [2] - Public budget expenditure is also at an unprecedented level, projected to exceed 136 trillion yuan, marking a 24% increase over the previous five-year period [2][4] - The government has implemented various fiscal policies to enhance economic stability and support public welfare, including increased spending on education, social security, and healthcare [5] Fiscal Policy and Economic Impact - Fiscal policy has become a crucial tool for macroeconomic regulation, with a significant correlation between fiscal spending and domestic demand observed in recent years [3] - The deficit ratio has increased from 2.7% to 4%, with new local government special bond quotas set at 19.4 trillion yuan and tax reductions exceeding 1 trillion yuan [4] - Over the past four years, China's economy has achieved an average growth rate of 5.5%, contributing approximately 30% to global economic growth [4] Social Welfare Investments - During the "14th Five-Year Plan" period, the government allocated nearly 100 trillion yuan for social welfare, including 20.5 trillion yuan for education and 19.6 trillion yuan for social security and employment [5] - Employment support measures have been enhanced, with a 29% increase in employment subsidy funds compared to the previous five-year period, resulting in over 50 million new urban jobs [5] Fiscal Reform Initiatives - The Ministry of Finance is focused on deepening fiscal and tax reforms to improve budget management and enhance the fiscal system [6] - The scale of funds transferred to the general public budget from government funds has increased significantly, enhancing the central government's regulatory capacity [6] - The government aims to clarify responsibilities and financial coordination between central and local authorities, with nearly 50 trillion yuan in transfer payments to local governments since the start of the "14th Five-Year Plan" [7] Future Outlook - The Ministry of Finance plans to strengthen macroeconomic regulation and deepen fiscal reforms to support the goal of building a modern socialist country [8]
国家财政这五年:“钱袋子”增收约19%,财政民生投入近100万亿元|“十四五”成绩单
Hua Xia Shi Bao·2025-09-13 14:59