National General Public Budget Expenditure Projected to Exceed 136 Trillion Yuan in Five Years

　　Speaking on the fiscal achievements during the "14th Five-Year Plan" period, Lan Fo'an stated that national fiscal strength has significantly increased, allowing for the concentration of financial resources to accomplish many major tasks.

　　On one hand, the revenue "pie" has grown larger. During the "14th Five-Year Plan" period, the national general public budget revenue is projected to reach 106 trillion yuan, an increase of 17 trillion yuan compared to the "13th Five-Year Plan" period, representing a growth of approximately 19%. Local fiscal strength has steadily expanded, with data from 2024 showing that 16 provinces saw fiscal revenues grow by over 20% compared to 2020; seven provinces exceeded 500 billion yuan, with two of them surpassing 1 trillion yuan.

　　On the other hand, expenditure intensity has been unprecedented. The national general public budget expenditure over the five years is projected to exceed 136 trillion yuan, an increase of 26 trillion yuan compared to the "13th Five-Year Plan" period, representing a growth of 24%. At the same time, the structure has been continuously optimized, with more "real money" directed toward major development initiatives and practical matters related to people's livelihoods.

　　"The people-oriented focus of national fiscal policy has become more distinct, and the achievements of Chinese-style modernization are benefiting all people more broadly and fairly," Lan Fo'an said. In the national fiscal accounts, the most substantial and highest-quality expenditures have always been those related to people's livelihoods. During the "14th Five-Year Plan" period, the national general public budget allocated 20.5 trillion yuan for education, 19.6 trillion yuan for social security and employment, 10.6 trillion yuan for health, and 4 trillion yuan for housing security. Including expenditures in other areas, nearly 100 trillion yuan was invested in people's livelihoods. This year, the national fiscal budget allocated 100 billion yuan for childcare subsidies and 20 billion yuan to gradually implement free preschool education, actively addressing public concerns.

　　Additionally, risk prevention and resolution in key areas have been effective, promoting a positive interaction between high-quality development and high-level security. In terms of local government debt, routine supervision has been strengthened, forming a "closed-loop" management system for statutory debt. For hidden debt,存量 has been resolved in an orderly manner, and增量 has been resolutely contained, leading to a gradual收敛 of risks. In terms of grassroots fiscal operations, the central government allocated nearly 50 trillion yuan in transfer payments to local governments over the five years, maximizing the下沉 of financial resources to firmly secure the "three guarantees"底线. Local fiscal operations have remained generally stable. At the same time, efforts have been coordinated to stabilize the real estate market and promote the reform and risk resolution of small and medium-sized financial institutions.