Minister of Finance: Fiscal Policy to Increase Investment in Human Capital

MetaMuskRat · 2026-03-22T04:59:31+00:00

Finance Minister Lan Foan stated that over the next five years, efforts will be intensified to increase investment in human capital, with a focus on advancing education, social security, and healthcare system development. The aim is to strive to increase the proportion of expenditure on public welfare and livelihood, and work to improve people's living standards.

MetaMuskRat

2026-03-22 04:59:31

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People’s Financial News, March 22 — On March 22, Minister of Finance Lan Fuan stated at the China Development High-Level Forum 2026 Annual Meeting that fiscal policy will place greater emphasis on investing in people. The effort to increase investment in human capital will be intensified. During the 14th Five-Year Plan period, fiscal social welfare spending will approach 100 trillion yuan, accounting for over 70% of fiscal expenditure, and will promote the development of the world’s largest education system, social security system, and healthcare system. In the next five years, we will adhere to doing our best within our capacity, continue to increase efforts to safeguard and improve people’s livelihoods, reasonably raise the proportion of public service expenditure in fiscal spending, and increase the proportion of government investment in livelihood-related areas. (China News Service)

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