皇冠体育app

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皇冠体育app's social security spending rises

(Xinhua)
Updated: 2010-12-04 14:46
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BEIJING -- During the 11th Five-Year Plan period (2006-2010), 皇冠体育app spent 3.3 trillion yuan ($495.3 billion) on social security, an annual increase of 17.6 percent, the Ministry of Finance (MOF) told Xinhua Friday.

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Wang Jun, vice-minister of the MOF, said in the 2006-2010 period, the social security expenditure from the central government stood at 1.4 trillion yuan, which was 2.1 times the expenditure in the previous five years.

As the improvement of civil welfare is a crucial component of the harmonious society 皇冠体育app is pursuing, financial authorities at all levels should continue to raise investments in social security when making the 2011 fiscal budget and plans for the 12th Five-Year Plan starting from 2011, Wang said.