China News Service, February 1st: The State Council Information Office held a press conference on the fiscal revenue and expenditure for 2023 on the 1st. Hou Junming, director of the Asset Management Department of the Ministry of Finance, revealed at the meeting that as of the end of 2023, the cumulative balance of the national basic pension insurance fund for enterprise employees has reached nearly 6 trillion yuan, and pensions can be guaranteed to be paid out in full and on time.
On February 1, China's State Council Information Office held a press conference in Beijing. Vice Minister of Finance Wang Dongwei, Director of the Budget Department Wang Jianfan, Director of the Treasury Department Li Xianzhong, and Director of the Asset Management Department Hou Junming introduced the fiscal revenue and expenditure for 2023. situation and answered questions from reporters. Photo by China News Service reporter Yang Kejia
Hou Junming introduced that my country's population is aging rapidly, and providing for the elderly is an important livelihood project. The payment of pensions is related to thousands of households and the well-being of the people. In order to ensure that pensions are paid out in full and on time, financial departments at all levels have actively played their functional roles in recent years, focusing on three aspects:
The first is to continuously increase financial subsidies. In 2023, the central government will arrange about 1 trillion yuan in basic pension insurance subsidy funds, focusing on the central and western regions and old industrial bases where fund revenue and expenditure are difficult; local finance at all levels also actively implements relevant expenditure responsibilities to ensure the timely and full payment of basic pension insurance. pension.
The second is to implement national coordination of pension insurance. In accordance with the central government's deployment, this system will be implemented from 2022 to rationally adjust fund balances across the country. In 2023, the scale of national overall coordination and adjustment funds will reach 271.6 billion yuan, effectively solving the problem of uneven distribution of pension burdens and fund balances among regions.
The third is to strengthen the management of pension insurance funds. Cooperate with relevant departments to standardize fund receipts and expenditures in various regions, promote fairer and more reasonable financing and treatment policies, and promote a fairer and more sustainable pension insurance system.
Hou Junming emphasized that through the implementation of the above measures, the fund's income and expenditure situation has been effectively improved in recent years. As of the end of 2023, the cumulative balance of the national enterprise employee basic pension insurance fund has reached nearly 6 trillion yuan, and pensions can be guaranteed to be paid out in full and on time.
Hou Junming introduced that at the same time, in accordance with the decisions and arrangements of the Party Central Committee and the State Council, the Ministry of Finance also allocated special funds to support the implementation of actions to improve basic elderly care services at home and in communities, centralized care for the elderly with financial difficulties and disability, and other elderly care service projects, and introduced a series of support for elderly care. The preferential tax and fee policies for the development of the service industry strongly support the development of the silver economy, allowing the elderly to have "pension money" and enjoy affordable and well-used elderly care services.
Hou Junming said that in 2024, we will focus on two aspects of work. On the one hand, we need to further increase central financial subsidies, thoroughly implement the national pooling system for pension insurance, improve relevant systems and mechanisms, and properly manage and safeguard the people's "pension money." On the other hand, we will further increase support for elderly care services, improve the network of institutions, communities and home-based elderly care services, promote the coordinated development of elderly care and the elderly care industry, and promote the improvement of quality and efficiency of elderly care services.