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

2026-03-22 11:38:51

On March 22, Finance Minister 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 spending on people’s livelihoods will approach 100 trillion yuan, accounting for over 70% of total fiscal expenditure, and efforts will be made to build the world’s largest education system, social security system, and healthcare system. Over the next five years, we will continue to do our best and act within our means, further increasing efforts to ensure and improve people’s livelihoods, reasonably raising the proportion of public service expenditure in fiscal spending, and increasing government investment in livelihood-related areas. (China News Service)

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