Statistics
China's social security spending rises
Updated: 2010-12-04 14:46
(Xinhua)
BEIJING -- During the 11th Five-Year Plan period (2006-2010), China 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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As the improvement of civil welfare is a crucial component of the harmonious society China 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.
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