The head of the relevant department of the Ministry of Finance said today that in the first half of this year, a more active fiscal policy played a positive role in safeguarding the implementation of the country's major strategic tasks, safeguarding and improving people's livelihood. In the first half of the year, more active fiscal policies increased efforts to protect and improve people's livelihood. A basic pension insurance subsidy fund of 1.2 trillion yuan was issued to support local authorities to pay pensions in full and on time. A basic medical insurance subsidy fund of 386.4 billion yuan was issued to urban and rural residents to consolidate the basic medical insurance participation rate and level of coverage. Arrangements were made to transfer 10.42 trillion yuan from the central government to local authorities, and the capital scale remained above 10 trillion yuan for four consecutive years. In terms of childcare allowances and exemption from childcare and education fees for the first year of preschool, etc., the central burden ratio will be increased in stages.

The head of the relevant department of the Ministry of Finance said today that in the first half of this year, a more active fiscal policy played a positive role in safeguarding the implementation of the country's major strategic tasks, safeguarding and improving people's livelihood. In the first half of the year, more active fiscal policies increased efforts to protect and improve people's livelihood. A basic pension insurance subsidy fund of 1.2 trillion yuan was issued to support local authorities to pay pensions in full and on time. A basic medical insurance subsidy fund of 386.4 billion yuan was issued to urban and rural residents to consolidate the basic medical insurance participation rate and level of coverage. Arrangements were made to transfer 10.42 trillion yuan from the central government to local authorities, and the capital scale remained above 10 trillion yuan for four consecutive years. In terms of childcare allowances and exemption from childcare and education fees for the first year of preschool, etc., the central burden ratio will be increased in stages.