China News Service, August 31st. According to the website of the National Development and Reform Commission, recently, the National Development and Reform Commission, the Ministry of Civil Affairs, the Ministry of Finance, the Ministry of Human Resources and Social Security, the Ministry of Veterans Affairs and the National Bureau of Statistics issued a statement on the phased adjustment of the price subsidy linkage mechanism. A notice on the strength of price subsidies for people in need.
The "Notice" proposes to expand the guarantee scope of the price subsidy linkage mechanism in stages.
On the basis of conscientiously implementing the "Notice on Further Improving the Linkage Mechanism of Social Assistance and Security Standards and Price Increases" (Fa Gai Price [2021] No. 1553), two categories of people who receive unemployment benefits and people living on the edge of subsistence allowances will be released. Groups will be added to the guarantee scope of the price subsidy linkage mechanism in stages.
The implementation period is from September 2022 to March 2023 (corresponding to the price index from August 2022 to February 2023).
Where conditions permit, the scope of protection can be further expanded.
The "Notice" clarifies that the conditions for starting the linkage mechanism of price subsidies will be reduced in stages.
Adjust the CPI year-on-year increase of 3.5% in a single month to 3.0% in stages in the start-up conditions, while keeping the start-up conditions for food prices in the CPI to reach a year-on-year increase of 6% unchanged, and the price subsidy linkage mechanism will be activated if any of the conditions are met.
Where the Basic Living Expenses Price Index (SCPI) for urban low-income residents is adopted, the starting conditions can be reasonably set with reference to a monthly year-on-year increase of 3.0% in the CPI.
The implementation period is from September 2022 to March 2023 (corresponding to the price index from August 2022 to February 2023).
Where the current start-up conditions have been appropriately lowered, the start-up conditions may be further reduced in stages based on the actual local conditions, and the start-up conditions may not be increased.
The "Notice" also clarifies the channels for guaranteeing additional funds.
Include the marginal population of the minimum living allowances in the coverage and reduce the start-up conditions of the incremental funds, and reduce the starting rate for the urban and rural minimum living allowances, the extremely poor, the special care recipients who enjoy regular national pension subsidies, orphans, de facto unsupported children, and HIV-infected children. Conditional incremental funds will be subsidized by the central government through the aid and subsidy funds for the needy people by region, including 30% subsidy for the eastern region, 60% subsidy for the central region, and 80% subsidy for the western region.
Local governments further reduce the start-up conditions to less than 3.0% of incremental funds and other incremental funds, which shall be guaranteed by local finance.
The temporary price subsidy is first issued by the local government and settled by the central government.
Incremental expenditures for those receiving unemployment insurance benefits and those receiving unemployment benefits shall be disbursed from the unemployment insurance fund.
(Zhongxin Finance)
search
copy