The Ministry Of Finance Calls For Increased Social Security Investment During The "12Th Five-Year" Period.

　　 Treasury Department The door will be in the next 5 years. social security Giving more input, management and supervision.

This newspaper learned that financial social security "12th Five-Year plan" We need all levels of finance to increase social security investment and raise the current social security expenditure to 10% of the total fiscal expenditure to 25%. At the same time, it is necessary to include all types of social groups that are not included in the social security system as soon as possible, so as to achieve a genuine social security for the whole people.

In addition, due to the growth of social security fund expenditure over the past few years, its social security expenditure has become China's biggest financial risk. The financial sector will take various measures to reduce the risk next step.

　　 Tilting to the countryside

The "12th Five-Year plan" of social security first wants to solve the problem of coverage.

This newspaper learned that the Ministry of Finance held a national financial and social security work conference in Xi'an in early September. At the meeting, Wang Jun, Vice Minister of finance, combed the "12th Five-Year" financial and social security work ideas, and called for "putting all kinds of social groups without social security system into the coverage as soon as possible so as to achieve real social security."

A finance ministry official told the newspaper that the focus of the 12th Five-Year social security work and the focus of financial input began to tilt to the rural areas, in order to gradually narrow the gap between urban and rural social security in all aspects. "New rural cooperative medical care, rural endowment insurance, rural minimum living expenses" and other expenditures have become the next level of expenditure projects that all levels of finance need to invest vigorously.

At present, Ningbo is investigating how to establish social security for migrant workers. With the financial resources of Ningbo, they have the ability to consider the foundation of establishing social security for migrant workers. "At present, the level and coverage of social security in different provinces across the country are quite different. Some economically developed provinces and cities can cover most of the residents, and the level of social security is high, but the social security level in many central and western provinces is still very low." A local financial system official told this newspaper.

In addition, an important goal of the "12th Five-Year" period is to achieve the unification and balance of social insurance policies. Therefore, the Ministry of finance has asked the provinces to compile the social security fund budget this year, hoping to achieve overall funding and arrange expenditures through the compilation and implementation of the budget.

In addition, during the "12th Five-Year" period, the transfer and convergence of social security across the country will be realized.

In fact, it is a challenge for the central and local governments to accomplish the goal of social security in 12th Five-Year. "Rural social security is not a large part of urban social security funds borne by enterprises. The proportion of rural social security needs a large proportion of financial subsidies". Local generally believe that the "12th Five-Year" tilt to the rural social security means the increase of local financial pressure. {page_break}

　　 Sustainable sources of funding

From the Ministry of Finance publicly available data, we can see that the growth rate of social security fund expenditure has been higher than the growth rate of income. In the 2006-2009 years, the income of the five social security funds of the national enterprise workers increased by 22.6% annually, and the fund expenditure increased by 32.7% annually. By the end of 2009, five social insurance funds totaled 17710 billion yuan.

"If we say that China's fiscal future may be risky, then it is social security expenditure, because China has entered an aging society, and the social security expenditure is far more than the social security income. Therefore, the Chinese government must establish a stable and sustainable source of funds for social security." Liang Youcai, an economist at the National Information Center, said.

This year, the national social insurance fund budget has been compiled, which means that 1 trillion and 700 billion of the social security funds will eventually be managed, restrained and supervised by the budget.

Earlier, Sun Zhiyun, director of the social security department of the Ministry of finance, wrote that at present, the sum of the five social insurance contributions in China is equivalent to about 40% of the wage level, and some areas even reach 50%. On the one hand, it has increased the burden on the insured enterprises, squeezed the development space of supplementary insurance and commercial insurance; on the other hand, it has raised the threshold of social insurance, so that a large number of difficult workers and other difficult groups are excluded from the social insurance system.

It is reported that during the period of 12th Five-Year, the social security system will also be adjusted. At present, there is a design that will control the total social insurance contribution rate of 12%-15% to around five of the wage, and bear half the burden of the units and individuals. By lowering the entry threshold, the various types of urban employees can be put into the basic old-age insurance system of the employees.

At the same time, it will increase the proportion of government investment in social security, establish a regular financial input mechanism, and raise funds for social security expenditure.

The financial social security "12th Five-Year plan" requires all levels of finance to raise the current social security expenditure to 10% of the total fiscal expenditure to about 25%.

Some scholars suggested that a certain proportion of personal income tax, consumption tax and entertainment business tax should be applied to social security, state-owned assets should be realised, and social insurance funds should be enriched. {page_break}

"I think the dividend of central enterprises should become a stable source of social security funds." Liang Youcai said.

At the beginning of the central enterprise bonus, there was a social security fund in its design, but the dividend of the central enterprises received 3 years, a total of about 150000000000, and only 1 billion yuan was used for social security.

The Ministry of finance is revising the budgetary system of state-owned capital, which will strictly regulate the use of dividends from central enterprises and increase the annual expenditure on social security.

Zhang Dongsheng, director of the Department of employment and income distribution of the national development and Reform Commission, proposed that central enterprises and state enterprises should be transferred to the social security fund to transfer their rights and interests, and to transfer some revenue to the public budget to raise funds for social security expenditures.

And some provinces and cities have begun to extract funds from land revenue for social security. "We have begun to extract social security risk funds from land sales income for the possible social security fund's" failing to pay. " A local finance and social security office official said.

In 12th Five-Year, more places will be used to collect money from local land for social security. The local official said.

It is reported that during the "12th Five-Year" period, it will also study the introduction of social security tax, and enhance the self balancing ability of the fund.