China's investment in education, technology, medical care, and elderly care continues to rise

　　(Looking back at the 13th Five-Year Plan) China's investment in education, technology, medical care, and elderly care continues to rise

　　China News Service, Beijing, October 24 (Reporter Zhao Jianhua) During the "13th Five-Year Plan" period, China's financial strength continued to increase, and investment in education, technology, medical care, and elderly care continued to rise.

Among them, the national financial investment in education accounted for more than 4% of GDP for eight consecutive years, the fiscal science and technology expenditure increased by 10.37%, and the fiscal health expenditure increased by 7.5%.

　　During the "13th Five-Year Plan" period, the central government insisted on giving priority to education as a key area of ​​fiscal expenditure, adjusted and optimized the expenditure structure, ensured the sustained and stable growth of fiscal education investment, accelerated the development of preschool education, and supported the development of compulsory education, vocational education and higher education.

　　According to data released by the Ministry of Finance, from 2016 to 2020, the national general public budget education expenditure accumulates 16.21 trillion yuan (RMB, the same below), which is the largest general public budget expenditure.

The national financial education expenditure reached 404.9 billion yuan in 2019, accounting for 4.04% of GDP, and has remained above 4% for eight consecutive years since 2012.

　　During the "13th Five-Year Plan" period, science and technology is also a key support area of ​​fiscal expenditure.

From 2016 to 2020, national fiscal science and technology expenditures totaled 4.12 trillion yuan, an average annual increase of 10.37%. The focus is on supporting public science and technology activities, supporting strategic science and technology forces and the construction of high-level innovation bases, scientific and technological talent training, and enterprise technological innovation.

According to the "Global Innovation Index Report" released by the World Intellectual Property Organization and others, China's comprehensive ranking of innovation capabilities has risen from 35th in 2013 to 14th in 2020. It belongs to the global innovation leader group and ranks among the top 30 comprehensively. The only middle-income economy in China.

　　Facing the new crown pneumonia epidemic this year, the Ministry of Science and Technology of China launched an emergency response project for scientific research on epidemic prevention and control, mobilizing the superior forces of the whole society to carry out scientific research on epidemic prevention and control.

　　The Ministry of Finance announced that during the "Thirteenth Five-Year Plan" period, national fiscal health expenditures increased from 1315.9 billion yuan to 1754.5 billion yuan, an average annual growth rate of 7.5%, 0.4 percentage points higher than the national fiscal expenditure increase in the same period.

From 2016 to 2019, the total national health expenditure increased from 4.6 trillion yuan to 6.5 trillion yuan (2019 is the estimated figure), an average annual growth of 12.2%, and the proportion of personal health expenditure dropped from 28.8% to 28.4%.

　　China has basically established a multi-level and wide-covering universal medical security system, and established the world's largest medical security network.

As of the end of 2019, the number of people participating in basic medical insurance has exceeded 1.3 billion, and the insurance participation rate has stabilized at over 95%; the level of protection has continued to increase, and the hospitalization expense reimbursement ratio within the scope of the employee medical insurance and urban and rural residents medical insurance policies has reached over 80% and about 70% respectively .

　　The Ministry of Finance also announced that during the 13th Five-Year Plan period, the central government will increase subsidies.

From 2016 to 2020, the central government will allocate 2.4 trillion yuan in subsidies for basic endowment insurance for enterprise employees.

In 2018, China established a central adjustment system for the basic pension insurance fund for enterprise employees.

In 2020, the central adjustment ratio of the fund will increase to 4%. The central adjustment fund raised 740 billion yuan throughout the year, benefiting 176.8 billion yuan in the central and western regions and old industrial base provinces.

Efforts will be made to promote the unified income and expenditure of the pension insurance fund at the provincial level, and on the basis of achieving the unified income and expenditure of the fund at the provincial level by the end of 2020, accelerate the establishment of a national overall planning system for basic old-age insurance.

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