# The Ministry of Finance in the social security retirement home base, the accumulated balance of the pension 4 trillion!

The National People's social security family child how many? The Ministry of finance today (October 31st) announced the answer. Just released by the Ministry of finance "on the 2017 national social insurance fund accounts that show that the accumulated balance of the national social insurance fund at the end of last year was 7 trillion and 534 billion 858 million yuan, of which the basic old-age insurance fund accumulated balance of enterprise employees at the end of the scale is 4 trillion and 157 billion 433 million yuan.

The Ministry of social security department disclosed that the 2017 years of the national social insurance fund income 5 trillion and 843 billion 757 million yuan, an increase of 16.6%; the total expenditure of 4 trillion and 865 billion 299 million yuan, an increase of 11.6%; this year the balance of 978 billion 458 million yuan at the end of the year, the accumulated balance of 7 trillion and 534 billion 858 million yuan.

Divided insurance, the basic old-age insurance fund for enterprise employees is we often say that the pension, the annual income of 3 trillion and 354 billion 204 million yuan, a year-on-year increase of 502 billion 350 million yuan, up 17.6%. The financial subsidy income of 495 billion 513 million yuan, a year-on-year increase of 66 billion 426 million yuan, up 15.5%. The annual expenditure of 2 trillion and 856 billion 673 million yuan, a year-on-year increase of 278 billion 504 million yuan, up 10.8%. The funds for basic old-age insurance fund balance of 497 billion 531 million yuan this year, the accumulated balance of 4 trillion and 157 billion 433 million yuan.

The basic medical insurance fund is a very large public employee insurance concerns, the Ministry of Finance presented data show that the annual income of 1 trillion and 213 billion 465 million yuan, a year-on-year increase of 205 billion 251 million yuan, up 20.4%. The annual expenditure of 929 billion 836 million yuan, a year-on-year increase of 121 billion 51 million yuan, up 15%. The basic medical insurance fund balance of 283 billion 629 million yuan of workers this year, the accumulated balance of 1 trillion and 566 billion 897 million yuan.

It is noteworthy that birth insurance fund is the only one of the various types of insurance appeared "deficit" fund. The annual income of 63 billion 885 million yuan, a year-on-year increase of 12 billion 199 million yuan, up 23.6%. At the same time, the annual expenditure of 736.24 billion yuan, 210.51 billion increase over the previous year, the growth of 40%. Spending more than their income, which makes the birth insurance fund also appeared income gap of 9 billion 739 million yuan in this year. However, the Ministry of finance also reminded, on the whole, birth insurance fund at the end of this year or the accumulated balance of 55 billion 474 million yuan.

For the maternity insurance fund appeared "deficit" problem, the finance department gives the data analysis shows that the rapid growth of the birth insurance fund expenditures related to. The maternity insurance expenditure of 73 billion 241 million yuan, a year-on-year increase of 20 billion 699 million yuan, an increase of up to 39.4%, which is far higher than the income of more than 20% growth level. The industry believes that birth insurance fund expenditures increased considerably, and the country liberalized second child has a direct relationship.

In addition, the unemployment insurance fund also appeared out of the ordinary situation, overall growth in the insurance fund income and expenditure situation, income and expenditure of unemployment insurance only showed a down trend.

The unemployment insurance fund, the annual income of 111 billion 263 million yuan, 11 billion 547 million yuan less than last year, down 9.4%. Similarly, the annual expenditure of 89 billion 376 million yuan, than last year to reduce 8 billion 174 million yuan, down 8.4%. Overall, this year the balance of 21 billion 887 million yuan at the end of the year, the accumulated balance of 555 billion 237 million yuan.

The Ministry of finance, the unemployment insurance fund this year, the decline in revenue is mainly due to the unemployment insurance premium income of 96 billion 269 million yuan, 12 billion 761 million yuan less than last year. The reason behind is that since January 1, 2017, China decided to unemployment insurance total rate of 1.5% provinces (autonomous regions and municipalities), the total rate can be reduced to 1%. The rate cut, which directly reduce the burden of the enterprise, but also relatively reduces the overall income of the unemployment insurance premiums.

Editor: Tu Lu Fang

Reporter Zhao Peng

#### Source: Beijing daily client

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