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

LightningPacketLoss · 2026-03-22T06:35:58+00:00

Finance Minister Lan Fo'an emphasized at the Development Forum that future fiscal policy will pay greater attention to human capital investment, promote the construction of education, social security, and healthcare systems, increase the proportion of livelihood-related expenditures, and safeguard and improve people's well-being.

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2026-03-22 06:35:58

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China News Service, March 22 — On March 22, Minister of Finance Lan Fofan stated at the 2026 Annual Meeting of the China Development Forum that fiscal policy will place greater emphasis on investing in people. We will increase efforts to invest in human capital. During the 14th Five-Year Plan period, fiscal investment in people’s livelihoods 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. Over 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 spending in fiscal expenditure, and increase government investment in livelihood-related areas.

China News Service reporter Li Jinlei photo

(Edited by Wen Jing)

Keywords: Fiscal policy

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