Blue Book of Welfare Lottery: Lottery Charity Fund has become one of the largest sources of national social security funds_ 东方 Fortune.com

On December 26, 2021, the University of the Chinese Academy of Social Sciences and the Social Sciences Literature Press jointly released the “Welfare Lottery Blue Book: China Welfare Lottery Development Report (2021)” (hereinafter referred to as the Blue Book). This is the fourth book in the series.

The blue book shows that as of the end of 2020, my country has issued and sold about 4.46 trillion yuan in lottery tickets and raised about 1.27 trillion yuan in public welfare funds; of which, the cumulative issuance and sales of welfare lottery tickets amounted to 2.36 trillion yuan and raised more than 700 billion yuan in public welfare funds. The development of public welfare undertakings has made important contributions. Assigned to National Social Security in 2020fund11.382 billion yuan, accounting for 38.11% of the total annual distribution of the centralized lottery public welfare fund.

As a national social security reserve fund, the source of funds for the national social security fund is mainly composed of central fiscal budget appropriations, state-owned capital transfers, fund investment income and other fund-raising approved by the State Council, used for pensionsinsuranceSupplement and adjustment of social security expenditures.

NationwideSocial securityAccording to the data of the “2020 Social Security Fund Annual Report” released by the Fund Council, 31.381 billion yuan will be allocated to the National Social Security Fund in 2020, including: general public budget allocations of 10 billion yuan; lottery public welfare funds of 21.36 billion yuan; and state-owned shares reduction funds of 0.21 100 million yuan. Lottery public welfare funds accounted for 68.07%. The data shows that since the establishment of the National Social Security Foundation, especially since 2014, the lottery public welfare fund investment amount and proportion have increased overall. As of the end of 2020, the total amount of funds and shares allocated to the National Social Security Fund reached 993.31 billion yuan, of which: 349.836 billion yuan was allocated from the general public budget, state-owned shares reduction and transfer funds and shares were 284.371 billion yuan (97.159 billion yuan in reductions, domestic transfer Holding stocks of 102.857 billion yuan, overseas transfer of stocks of 84.355 billion yuan), lottery public welfare fund of 358.824 billion yuan, contributing as much as 36.13%, exceeding the general public budget allocation. Although this part of the funds was not immediately used for social welfare-related projects, the lottery public welfare fund has clearly become the largest proportion of all sources of the national social security fund, thus providing an important guarantee for improving the well-being of our people and maintaining the normal stability of the society. (Reporter/Jiang Nan)

(Article Source:SecuritiesDaily News)

Article source: Securities Daily

Editor in charge: 43

Original title: Blue Book of Welfare Lottery: Lottery Charity Fund has become one of the largest sources of national social security funds