Ministry of Finance: The effectiveness of proactive fiscal policy in the first half of the year continues to be released.

The head of the relevant departments of the Ministry of Finance stated today that in the first half of this year, a more proactive fiscal policy played a positive role in ensuring the implementation of major national strategic tasks and in ensuring and improving people's livelihoods. In the first half of the year, a more proactive fiscal policy increased efforts to ensure and improve people's livelihoods. 1.2 trillion yuan of subsidies for basic endowment insurance were allocated, supporting local governments in timely and in full payment of pensions. 386.4 billion yuan of subsidies for basic medical insurance for urban and rural residents were allocated, consolidating the coverage and protection level of basic medical insurance. 10.42 trillion yuan of central transfer payments to local governments were arranged, with the fund size remaining above 10 trillion yuan for the fourth consecutive year. The central government also temporarily increased its burden-sharing ratio in areas such as childcare subsidies and free education for one year before entering kindergarten.